alarm
Ask a question
Other
Goltile

The amount of days in between payments is known as what?

answers: 1
Register to add an answer
Answer:

Days payable outstanding (DPO)

(D)

Which of the listed responses to the CFO's statement is the most accurate?

(D) All these things must occur for the company to be able to repay its loans obtained from the bank.

This is the main point that the CFO attempted to pass across. The company's management should maximize the 60 days for manufacturing and sales of its products and the 50 days to receive payment from its customers; because the bank loans should be paid in exactly 110 days.

9,500

Inventory conversion period =175.16

Average collection period =69.16

Payable deferral period = 146.90

Cash conversion cycle= 1.08

Inventory conversion period = (inventory / cost of goods sold) * 365 = (3,100,000/6,460,000) * 365 = 175.16

Average collection period = (receivables / annual sales) * 365 = (1,800,000/9,500,000) * 365 = 69.16

Parables deferral period = (Payables / cost of goods sold) * 365 = (2,600,000/6,460,000) * 365 = 146.90

Cash conversion cycle is given by:

Cash conversion cycle = DIO + DSO - DPO

where :

DIO = Days inventory outstanding

DIO = (Average inventory / cost of goods sold) * 365 = (3,100,000/365)*(365/6,460,000) = 0.48

DSO = Days sales outstanding

DSO = (Average accounts receivable / Total credit sales) * 365

= (1,800,000/365) * (365/1,800,000) = 1

DPO = Days payable outstanding

DPO = (Average accounts payable / cost of goods sold) * 365

= (2,600,000/365) * (365/6,460,000) = 0.40

Therefore :

Cash conversion cycle = 0.48 + 1 - 0.40

= 1.08

"Both the inventory conversion period and payables deferral period use the average daily COGS in their denominators, whereas the average collection period uses average daily sales in its denominator. Why do these measures use different inputs?" The reason is because inventory and accounts payable are carried at cost on the balance sheet, whereas accounts receivable are recorded at the price at which goods are sold.

The response to the CFO's statement which is most accurate is the CFO's approximation of the length of the bank loans should be accurate, because it will take 110 days for the company to manufacture, sell, and collect cash for its goods.

Week 1:

print("1. Skittles    2. M&M's\n3. Starbursts   4. Twizzlers\n5. Twix")

while True:

   item = input("Enter the number of your item to be purchased: ")

   if item == "1":

       print("You chose skittles.")

   elif item == "2":

       print("You chose M&M's.")

   elif item == "3":

       print("You chose Starbursts.")

   elif item == "4":

       print("You chose Twizzlers.")

   elif item == "5":

       print("You chose Twix.")

Week 2:

print("1. Skittles    2. M&M's\n3. Starbursts   4. Twizzlers\n5. Twix")

total = 0

while True:

   item = input("Enter the number of your item to be purchased: ")

   if item == "1":

       print("You chose skittles.")

       total += 2

   elif item == "2":

       print("You chose M&M's.")

       total += 2

   elif item == "3":

       print("You chose Starbursts.")

       total += 1

   elif item == "4":

       print("You chose Twizzlers.")

       total += 3

   elif item == "5":

       print("You chose Twix.")

       total += 4

   elif item == "exit":

       exit()

   elif item == "out":

       total += round(total*0.0625,2)

       print("Your total is: ${}".format(total))

       deposit = int(input("How much money did you input? "))

       change_due = round(deposit - total,2)

       print("Your change due is ${}".format(change_due))

   else:

       print("Please choose an option or enter \"exit\" to exit the vending machine.")

week 3:

print("1. Skittles    2. M&M's\n3. Starbursts   4. Twizzlers\n5. Twix")

total = 0

while True:

   item = input("Enter the number of your item to be purchased: ")

   if item == "1":

       print("You chose skittles.")

       total += 2

   elif item == "2":

       print("You chose M&M's.")

       total += 2

   elif item == "3":

       print("You chose Starbursts.")

       total += 1

   elif item == "4":

       print("You chose Twizzlers.")

       total += 3

   elif item == "5":

       print("You chose Twix.")

       total += 4

   elif item == "exit":

       exit()

   elif item == "out":

       total += round(total * 0.0625, 2)

       print("Your total is: ${}".format(total))

       deposit = int(input("How much money did you input? "))

       while deposit < total:

           deposit = int(

               input("Please input a dollar amount greater than or equal to the total (whole numbers only): "))

       change_due = round(deposit - total, 2)

       if change_due == 0:

           print("No change due.")

       else:

           print("You are owed {} dollars and {} cents".format(int(change_due), round(change_due - int(change_due),2)))

   else:

       print("Please choose an option or enter \"exit\" to exit the vending machine.")

week 4:

def print_menu():

   print("1. Skittles    2. M&M's\n3. Starbursts   4. Twizzlers\n5. Twix    Enter \"out\" to checkout.")

def calculate_total(new_item):

   total = 0

   if new_item == "1":

       print("You chose skittles.")

       total += 2

   elif new_item == "2":

       print("You chose M&M's.")

       total += 2

   elif new_item == "3":

       print("You chose Starbursts.")

       total += 1

   elif new_item == "4":

       print("You chose Twizzlers.")

       total += 3

   elif new_item == "5":

       print("You chose Twix.")

       total += 4

   return total

def make_change(change_due):

   print(

       "Here is your change: {} dollars and {} cents".format(int(change_due), round(int(change_due) - change_due, 2)))

   print("Have a great day")

def amount_due(total_price):

   sales_tax = 0.0625

   final_price = total_price * +(total_price * sales_tax)

   print("Subtotal: {}".format(total_price))

   print("Final total: {}".format(final_price))

   deposit = int(input("Enter how much you deposited: "))

   while deposit < final_price:

       deposit = int(input("Enter an amount greater than or equal to {}".format(final_price)))

   make_change(deposit - final_price)

total = 0

while True:

   item = input("Enter the number of your item to be purchased: ")

   if item == "1":

       print("You chose skittles.")

       total += 2

   elif item == "2":

       print("You chose M&M's.")

       total += 2

   elif item == "3":

       print("You chose Starbursts.")

       total += 1

   elif item == "4":

       print("You chose Twizzlers.")

       total += 3

   elif item == "5":

       print("You chose Twix.")

       total += 4

   elif item == "exit":

       exit()

   elif item == "out":

       sales_tax = 0.0625

       total += round(total * sales_tax, 2)

       print("Your total is: ${}".format(total))

       deposit = int(input("How much money did you input? "))

       while deposit < total:

           deposit = int(

               input("Please input a dollar amount greater than or equal to the total (whole numbers only): "))

       change_due = round(deposit - total, 2)

       if change_due == 0:

           print("No change due.")

       else:

           print(

               "You are owed {} dollars and {} cents".format(int(change_due), round(change_due - int(change_due), 2)))

   else:

       print("Please choose an option or enter \"exit\" to exit the vending machine.")

I didn't implement the functions because the problem never stated that we had to. Best of luck.

77
Yomi
For answers need to register.
47
cents
The time for answering the question is over
Contacts
mail@expertinstudy.com
Feedback
Expert in study
About us
For new users
For new experts
Terms and Conditions