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MASTERPIECE2020

8 One Step Easy Questions(Need ASAP)

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8 single step QuestionsQuestion 1NetSpeed Technologies is a telecom component manufacturer. The firm typically has a collection period of 51 days and days’ sales in inventory of 29 days. What is the operating cycle for NetSpeed?NetSpeed’s operating cycle is [removed] days. Question 2Northern Manufacturing Company found that during the last year, it took an average of 43 days to pay its suppliers, while it took 64 days to collect its receivables. The company’s days’ sales in inventory was 60 days. What was Northern’s cash conversion cycle?Northern’s cash conversion cycle is [removed] days. Question 3Devon Automotive estimates that it takes the company about 57 days to collect cash from customers on finished goods from the day it receives raw materials, and it takes about 61 days to pay its suppliers. What is the company’s cash conversion cycle? (Enter negative answer using negative sign preceding the number, e.g. -45.)The company’s cash conversion cycle is [removed] day(s). Question 4The Kellogg Bank requires borrowers to keep an 8 percent compensating balance. Gorman Jewels borrows $448,000 at a 4.2 percent stated APR. What is the effective interest rate on the loan? (Round intermediate calculations to 4 decimal places, e.g. 1.2541 and final answer to 2 decimal places, e.g. 12.25%.)The effective interest rate on the loan is [removed]%. Question 5Mill Street Corporation sells its goods with terms of 6/12 EOM, net 70. What is the implicit cost of the trade credit? (Round intermediate calculations to 4 decimal places, e.g. 1.2541 and final answer to 2 decimal places, e.g. 12.25%.)The implicit cost of the trade credit is [removed]%. Question 16Telecraft Enterprises carries 44 days of inventory in its stores. Last year Telecraft reported net sales of $1,431,100 and had receivables of $323,100 at the end of the year. Re-estimate the firm’s operating cycle if days sales outstanding decreased to 74 days. For the same level of sales, what is the implied dollar value of receivables with 74 days’ sales outstanding? (Round answer to 2 decimal places, e.g. 15.25.)Value of accounts receivable is $[removed]. Question 17Longhorn Traders is one of the largest RV dealers in Austin, Texas, and sells about 2,834 recreational vehicles a year. The cost of placing an order with Longhorn’s supplier is $612, and the inventory carrying costs are $259 for each RV. The company likes to maintain safety stock of 12 RVs. Most of its sales are made in either the spring or the fall. How many orders will the firm need to place this year? (Round intermediate calculations to 2 decimal places, e.g. 15.25 and final answer to 0 decimal places, e.g. 15.)The firm will place [removed] orders this year. Question 18Aviva Technology’s operating cycle is 86 days. Its inventory was $134,956 at the end of last year, and the company had a $1.4 million cost of goods sold. How long does it take Aviva to collect its receivables on average? (Round intermediate calculations and final answer to 1 decimal place, e.g. 25.1.)Aviva must take [removed] days to collect its accounts receivable. Purchase the answer to view it
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