Business
Business, 07.03.2020 02:42, lil8174

Monar Inc.'s CFO would like to decrease its cash conversion cycle by 10 days (based on a 365 day year). The company carries average inventory of $750,000. Its annual sales are $10 million, its cost of goods sold is 75% of annual sales, and its average collection period is twice as long as its inventory conversion period. The firm buys on terms of net 30 days, and it pays on time. The CFO believes he can reduce the average inventory to $647,260 with no effect on sales. By how much must the firm also reduce its accounts receivable to meet its goal in the reduction of the cash conversion cycle

answer
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 23:20, pwolfiimp4
Which feature transfers a slide show into a word-processing document?
Answers: 2
image
Business, 22.06.2019 19:20, jamiewest5666
1. revising for conciseness - eliminating flabby expressions, limiting long lead-ins, and dropping unnecessary fillerstime is money in any business environment. people want information communicated quickly and clearly. to make your writing more concise and understandable, avoid flabby expressions, long lead-ins, and unnecessary fillers. your audience will appreciate your brevity.1. if your writing contains a flabby expression like in view of the fact that, replace it with the word because / although / probably .for each of the following two sentences, choose the best revision.2. i am sending you this letter to inform you that we have experienced an unexpected surprise within our expense sheet, but we are positively certain we will solve it.1) we need to inform you that we have experienced an unexpected surprise with our expense sheet, but we are midway to an end result.2) we have identified a problem with our expense sheet, but we will solve it.3) i am sending you this letter to inform you that we have a problem with our expense sheet, but we are positively certain we have a solution.3. it is the user who should contact the center.1) everyone knows that it is the user who should contact the center.2) the user should contact the center.3) if there is a problem, the user should contact the center. read the following passage, and then answer the question.[1] you scheduled seven conference calls for this morning between 10 and 11 a. m. [2] generally, the company limits the number of conference calls to three per hour. [3] i’m letting you know that in the future, we should be more careful about scheduling.4. which revision limits the long lead-in in sentence 3? 1) in the future, we should be more careful about scheduling.2) i’m letting you know so that in the future we are more careful about scheduling calls.3) so that you know in the future, we should be more careful about scheduling.
Answers: 3
image
Business, 22.06.2019 23:00, simmy6
Even sole proprietors should have at least how many computers? 1 2 3 4
Answers: 1
image
Business, 23.06.2019 06:30, samlolomg123
What did surprise you in personalities
Answers: 1
Do you know the correct answer?
Monar Inc.'s CFO would like to decrease its cash conversion cycle by 10 days (based on a 365 day yea...

Questions in other subjects:

Konu
Mathematics, 19.04.2020 07:08
Konu
Mathematics, 19.04.2020 07:08
Konu
Mathematics, 19.04.2020 07:08