subject
Business, 01.05.2021 01:00 jforeman42

The Balance Sheet and Income Statement of the Company as of and for the twelve months ended December 31, 2020 shows the following information (in thousands): Opening (i. e., beginning of year) and Ending balances

Accounts Receivable Opening $4,155 Ending. $5,155
Accounts Payable Opening $5,200 Ending $5,834
Inventory Opening $3,000 Ending $5,000
Sales on Credit (12months) 40,757 Cost of Goods Sold (COGS) (12 months) $28,744

Required:
Using this information, how many days are in the Inventory Conversion Period for the year (ROUND TO WHOLE DAY IF NECESSARY)?

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 21:00
Intronix uses copy editors, computer graphics specialists, and java programmers to produce ads for magazines and the internet. the average new ad for magazines typically requires 180 hours of a copy editor's time and 135 hours of a computer graphics specialist's time, whereas ads produced for the internet require 35 hours of copy editor time, 195 hours of computer graphics time, and 60 hours of a java programmer's time. lassie food, a dog food manufacturer, has hired intronix to produce ads in the next four week. although currently it considers magazine ads 3 times more valuable than internet ads, it still wishes to have at least 2 of each produced within the next four weeks. intronix has assigned up to 3 copy editors, 4 computer graphics specialists, and 1 java programmer, each committed to work up to 70 hours per week on the project. how many of each type of ad should be produced to maximize the overall value to lassie foods
Answers: 3
question
Business, 21.06.2019 21:00
Captain john's yachts, inc., located in fort lauderdale, florida, rents three types of ocean-going boats: sailboats, cabin cruisers, and captain john's favorite, the luxury yachts. captain john advertises his boats with his famous "you rent"we pilot" slogan, which means that the company supplies the captain and crew for each rented boat. each rented boat has one captain, of course, but the crew sizes (deck hands, galley hands, etc.) differ. the crew requirements, in addition to a captain, are one for sailboats, two for cabin cruisers, and three for yachts. ten employees are captains, and an additional 18 employees fill the various crew positions. currently, captain john has rental requests for all his boats: four sailboats, eight cabin cruisers, and three luxury yachts. if captain john's daily profit contribution is $50 for sailboats, $70 for cruisers, and $100 for luxury yachts, how many boats of each type should he rent?
Answers: 2
question
Business, 22.06.2019 16:20
Stosch company's balance sheet reported assets of $112,000, liabilities of $29,000 and common stock of $26,000 as of december 31, year 1. if retained earnings on the balance sheet as of december 31, year 2, amount to $74,000 and stosch paid a $28,000 dividend during year 2, then the amount of net income for year 2 was which of the following? a)$23,000 b) $35,000 c) $12,000 d)$42,000
Answers: 1
question
Business, 22.06.2019 18:30
Which of these is an example of innovation?
Answers: 2
You know the right answer?
The Balance Sheet and Income Statement of the Company as of and for the twelve months ended December...
Questions
question
Mathematics, 28.09.2020 14:01
question
Mathematics, 28.09.2020 14:01
question
Mathematics, 28.09.2020 14:01
question
Mathematics, 28.09.2020 14:01
question
Health, 28.09.2020 14:01
question
Mathematics, 28.09.2020 14:01
question
Mathematics, 28.09.2020 14:01