Which of the following statements regarding cash conversion cycle are TRUE?
A. Cash conversion cycle depicts the amount of days it takes for the firm to receive cash from sales
B. Cash conversion cycle is calculated as follows: day sales outstanding + days payable outstanding - days inventory outstanding
C. Cash conversion cycle is a measure of liquidity risk
D. Cash conversion cycle measure the time it takes for the firm to exhaust its cash in its operations
Answers: 1
Business, 21.06.2019 22:50, nourmaali
Which of the following statements is true? a job costing system will have a separate work in process account for each of the major processes. a process costing system will have a single work in process account. a process costing system will have a separate raw materials account for each of the major processes. a process costing system will have a separate work in process account for each of the major processes.
Answers: 3
Business, 22.06.2019 21:00, QueenMiah16
Sue peters is the controller at vroom, a car dealership. dale miller recently has been hired as the bookkeeper. dale wanted to attend a class in excel spreadsheets, so sue temporarily took over dale's duties, including overseeing a fund used for gas purchases before test drives. sue found a shortage in the fund and confronted dale when he returned to work. dale admitted that he occasionally uses the fund to pay for his own gas. sue estimated the shortage at $450. what should sue do?
Answers: 3
Business, 22.06.2019 21:10, dezmondpowell
Skychefs, inc. prepares in-flight meals for a number of major airlines. one of the company's products is grilled salmon in dill sauce with baby new potatoes and spring vegetables. during the most recent week, the company prepared 4000 of these meals using 960 direct labor hours. the company paid these direct labor workers a total of $19,200 for this work, or $20.00 per hour. according to standard cost card for this meal, it should require 0.25 direct labour-hours at a cost of $19.75 per hour.1. what is the standard labor-hours allowed (sh) to prepare 4,000 meals? 2. what is the standard labor cost allowed (sh x sr) to prepare 4,000 meals? 3. what is the labor spending variance? 4. what is the labor rate variance and the labor efficiency variance?
Answers: 3
Business, 22.06.2019 22:00, emilyswinge4421
Exercise 2-12 cost behavior; high-low method [lo2-3, lo2-4] speedy parcel service operates a fleet of delivery trucks in a large metropolitan area. a careful study by the company’s cost analyst has determined that if a truck is driven 120,000 miles during a year, the average operating cost is 11.6 cents per mile. if a truck is driven only 80,000 miles during a year, the average operating cost increases to 13.6 cents per mile. required: 1.& 2. using the high-low method, estimate the variable and fixed cost elements of the annual cost of truck operation. (round the "variable cost per mile" to 3 decimal places.)
Answers: 3
Which of the following statements regarding cash conversion cycle are TRUE?
A. Cash conversion cycl...
Mathematics, 18.06.2020 14:57
Mathematics, 18.06.2020 14:57
Mathematics, 18.06.2020 14:57
Mathematics, 18.06.2020 14:57
Biology, 18.06.2020 14:57
Mathematics, 18.06.2020 14:57
World Languages, 18.06.2020 14:57