(Cash conversion cycle) Historical data for the firm's sales, accounts receivable, inventories, and accounts payable for the Crimson Mfg. Company follows:
2014 2015 2016
2017 2018
Sales 4,346 5,220
7,947 11,699 18,461
Receivables 602 811
1,086 1,368 2,268
Acounts payable 443 683
682 1,554 2,409
Inventories 341 456
655 378 354
a. Calculate Crimson's days of sales outstanding, days of payables outstanding, and days of sales in inventory for each of the 5 years. (Assume a 365-day year. Hint: Assume that the firm's cost of goods sold equals 70% of sales.) What has Crimson accomplished in its atempts to better manage its investments in account receivable and inventory? (Round to two decimal places.)
b. Calculate Crimson's cash conversion cycle for each of the 5 years. Evaluate the firm's overall management of its working capital. Assume a 365-day year.
Days of sales outstanding (DSO)
2014........2015........2016........2017.......2018
? ? ? ? ?
In: Finance
The following income statement items appeared on the adjusted trial balance of Schembri Manufacturing Corporation for the year ended December 31, 2021 ($ in thousands): sales revenue, $17,500; cost of goods sold, $7,300; selling expenses, $1,410; general and administrative expenses, $910; interest revenue, $160; interest expense, $290. Income taxes have not yet been recorded. The company’s income tax rate is 25% on all items of income or loss. These revenue and expense items appear in the company’s income statement every year. The company’s controller, however, has asked for your help in determining the appropriate treatment of the following nonrecurring transactions that also occurred during 2021 ($ in thousands). All transactions are material in amount.
Required:
1. Prepare Schembri’s single, continuous
multiple-step statement of comprehensive income for 2021, including
earnings per share disclosures. One million shares of common stock
were outstanding at the beginning of the year and an additional
800,000 shares were issued on July 1, 2021.
2. Prepare a separate statement of comprehensive
income for 2021.
|
|
In: Accounting
In: Finance
You want to go to abroad for higher education. You have multiple options. How will you formulate the best option that should be more applicable for your future?
In: Psychology
In: Psychology
Explain the procedure for defining the hysteresis loop
class for adsorption and
desorption isotherms?
Minimum word limit 600
Plagiarism 10%max
In: Other
We have all been there...assigned to that perfect group or team that works like a well oiled machine, or assigned to the team from places too hot to mention that doesn't seem to function at all. With those experiences in mind, please discuss the relationship between team cohesiveness and performance.
In: Operations Management
During an earthquake, a floor oscillates horizontally in approximately simple harmonic motion. Assume it oscillates at a single frequency with a period of 0.67 s.
(a) After the earthquake, you are in charge of examining the video of the floor motion and discover that a box on the floor started to slip when the amplitude reached 11 cm. From your data, determine the coefficient of static friction between the box and the floor.
______________
(b) If the coefficient of friction between the box and floor were 0.39, what would be the maximum amplitude of vibration before the box would slip?
_______________cm
In: Physics
Annual percentage yield) Compute the cost of the following trade credit terms using the compounding formula, or effective annual rate. Note: Assume a 30-day month and 360-day year.
a. 2/5, net 45
b. 4/10, net 30
c. 2/10, net 60
d. 4/10, net 30
In: Finance
Chad was offered two options for a car he was purchasing:
The money is worth 7.70% compounded monthly.
a. What is the Discounted Cash Flow (DCF) for the lease option?
b. Which is the better option?
Lease Option or Buy Option
In: Finance
Discuss the phases of Paget’s disease and the expected pathological changes in bone
In: Nursing
Culture audits are an emerging engagement. E&Y is one of the leaders in this initiative. what a cultural audit is and provide me with information on what is the intent of a cultural audit, how will it impact a review of a corporation, is it tied to ethics (why or why not) and does it help with the financial statement audit and the development of a audit plan?
Thank you
In: Accounting
A small copy center uses 4 400-sheet boxes of copy paper a week. Experience suggests that usage can be well approximated by a normal distribution with a mean of 4 boxes per week and a standard deviation of .40 boxes per week. 2 weeks are required to fill an order for letterhead stationery. Ordering cost is $4, and annual holding cost is 33 cents per box. Use Table.
a. Determine the economic order quantity, assuming a 52-week year. (Round your answer to the nearest whole number.)
EOQ =?
b. If the copy center reorders when the supply on hand is 9 boxes, compute the risk of a stockout. (Round "z" value to 2 decimal places and final answer to 4 decimal places.)
Risk =?
c. If a fixed interval of 5 weeks is used for ordering instead of an ROP, how many boxes should be ordered if there are currently 22 boxes on hand, and an acceptable stockout risk for the order cycle is .0228? (Round "z" value to 2 decimal places and final answer to the nearest whole number.)
Q0=?
In: Operations Management
Please research the web and find two articles that deal with leaders (CEO’s politicians, public figures) who have experienced significant personal changes on their way to becoming an effective leader. Recap for us and talk about some of the changes. Do you think this changes are ”required”? Have you experienced these changes yourself?
In: Operations Management
Be able to discuss the two broad approaches to responding to predicable variability in a supply chain, and what methods are used in each approach.
In: Operations Management