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Summary Week 5 Assignment.docx Questions and Problem Sets FIN/372 Finance for Business Chapter 18 3. Changes in the Operating Cycle [LO1] Indicate the effect that the following will have on the operating cycle. Use the letter I to indicate an increase, the$5.49
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Summary Week 5 Assignment.docx Questions and Problem Sets FIN/372 Finance for Business Chapter 18 3. Changes in the Operating Cycle [LO1] Indicate the effect that the following will have on the operating cycle. Use the letter I to indicate an increase, the
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Week 5 A Questions and Problem Sets FIN/372 Finance for Business Chapter 18 3. Changes in the Operating Cycle [LO1] Indicate the effect that the following will have on the operating cycle. Use the letter I to indicate an increase, the letter D for a decrease, and the letter N for no change: ...
week 5 assignmentdocx questions and problem sets fin372 finance for business chapter 18 3 changes in the operating cycle lo1 indicate the effect that the following will have on the operatin
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1
Questions and Problem Sets
FIN/372
Finance for Business
, 2
Chapter 18
3. Changes in the Operating Cycle [LO1] Indicate the effect that the following will have on the
operating cycle. Use the letter I to indicate an increase, the letter D for a decrease, and the
letter N for no change:
a. Average receivables goes up. I
b. Credit repayment times for customers are increased. D
c. Inventory turnover goes from 3 times to 6 times. I
d. Payables turnover goes from 6 times to 11 times. I
e. Receivables turnover goes from 7 times to 9 times. I
f. Payments to suppliers are accelerated. D
11. Calculating the Cash Budget [LO3] Here are some important figures from the budget of
Nashville Nougats, Inc., for the second quarter of 2015:
The company predicts that 5 percent of its credit sales will never be collected, 35
percent of its sales will be collected in the month of the sale, and the remaining 60 percent will
be collected in the following month. Credit purchases will be paid in the month following the
purchase.
In March 2015, credit sales were $235,000 and credit purchases were $161,300. Using
this information, complete the following cash budget:
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