DeVry BUSN 379 Week 7 Homework – Latest
IF You Want To Purchase A+ Work Then Click The Link
Below , Instant Download
WEEK 7
Please
complete the following exercises from Chapter 17 of your textbook and post them
in the Dropbox.
Chapter 17:
6, 7, and 14
6.
Calculating Net Float. Each business day, on average, a company writes checks
totaling $19,500 to pay its suppliers. The usual clearing time for the checks
is four days. Meanwhile, the company is receiving payments from its customers
each day, in the form of checks, totaling $37,200. The cash from the payments
is available to the firm after two days.
a. Calculate
the company’s disbursement float, collection float, and net float.
b. How would
your answer to part (a) change if the collected funds were available in one day
instead of two?
LO 2 7. Size
of Accounts Receivable. Essence of Skunk Fragrances, Ltd., sells 6,500 units of
its perfume collection each year at a price per unit of $270. All sales are on
credit with terms of 1/10, net 30. The discount is taken by 40 percent of the
customers. What is the amount of the company’s accounts receivable? In reaction
to sales by its main competitor, Sewage Spray, Essence of Skunk is considering
a change in its credit policy to terms of 3/10, net 30 to preserve its market
share. How will this change in policy affect accounts receivable?
LO 3 14. EOQ.
The Trektronics store begins each month with 740 phasers in stock. This stock
is depleted each month and reordered. If the carrying cost per phaser is $26
per year and the fixed order cost is $340, what is the total carrying cost?
What is the restocking cost? Should the company increase or decrease its order
size? Describe an optimal inventory policy for the company in terms of order
size and order frequency.
Intermediate
(Question 15)
No comments:
Post a Comment