I submitted this assigment and someone had agreed to do it but after the downpayment was made he did not complete. I need this done ASAP tonight.
Pretty Lady Cosmetic Products has an average production process time of forty days. Finished goods are kept on hand for an average of fifteen days before they are sold. Accounts receivable are outstanding an average of thirty-five days, and the firm receives forty days of credit on its purchases from suppliers.
a. Estimate the average length of the firm’s short-term operating cycle. How often would the cycle turn over in a year?
b. Assume net sales of $1.2 million and cost of goods sold of $900,000. Determine the average investment in accounts receivable, inventories, and accounts payable. What would be the net financing need considering only these three accounts?
Chapter 16: P3
Obtain a current issue of the Federal Reserve Bulletin, or review a copy from the Fed’s website(http://.www.federalreserve.gov) or the St. Louis Fed’s website (http://stlouisfed.org), and determine the changes in the prime rate that have occurred since the end of 2000. Comment on any trends in the data
Marketin/finance Question See below was first posted on August 8, 2020 at 9:43 pm.
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