Chapter 14 Working Capital and Current Assets Management Solutions to Problems P14-1. LG 2: Cash Conversion Cycle Basic = Average age of inventories + Average collection period = 90 days + 60 days = 150 days (a) Operating cycle (OC) (b) Cash Conversion Cycle (CCC) = Operating cycle − Average payment period = 150 days − 30 days = 120 days = (total annual outlays ÷ 365 days) × CCC = [$30‚000‚000 ÷ 365] × 120 = $9‚863‚013.70 (d) Shortening either the average age of inventory or the average collection
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“Buying a house is a better option than renting an apartment.” In this essay I will discuss about the major benefits of buying a house rather than renting an apartments. While it can be costly it is a safer place to live that has long term-investment and tax advantage. Buying a house may be difficult and it can be a confusing process‚ even for veteran buyers. Here are some tasks that housing experts say before getting into the buying a house. Get financials in order. Buyers should check their credit
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‘’John and Alice‚ for your exemplary performance in your year-end examinations‚ we are going for a little family holiday.’’ said James Brown‚ father of John and Alice Brown. ‘’Where? Where?’’ asked the children excitedly. ‘’We’re going to a place that offers unlimited peace and quiet. That place is Bermuda. And while you’re there……’’ James spoke at length about proper etiquette and how it would affect them. Although it was quite boring‚ it would have benefitted them if they had paid attention instead
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a critical time in finding out the ways to communicate the bad and good news to its salaried employees. An erroneous selection of time and communication channel selection may demoralize the workforce completely resulting in a disaster for the company. The good news is that the company management has decided to increase the salary and benefits of almost all the salaried employees regardless of their grades while on the other hand the bad news (because of the long time slump in the steel industry)
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HW 8 – 1 ACCOUNTS RECEIVABLE JOURNAL ENTRIES Prepare journal entries to record the following transactions: (1) On December 15‚ 2008‚ the company recorded $150‚000 sales on credit. (2) On December 31‚ 2008‚ the company estimated bad debt expenses of $15‚000. (3) On January 12‚ 2009‚ collect $100‚000 worth of accounts receivable. (4) After many collection attempts‚ the Company determined on June 15‚ 2009 that it would not collect $10‚000 in accounts receivables from Pendant Publishing
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story of "Greasy Lake" being in the 60’s‚ with the random music of rock n roll‚ reggae and misfit attitudes clearly attributes to Boyles statement of “when it was good to be bad” (Boyle 529). The setting of “Greasy Lake” brings everything out that Boyle is trying to portray in this bad boy story. When we think of “bad” boys hanging around with toothpicks hanging out of their mouths‚ wearing leather jackets‚ drinking‚ smoking and loafing their days away we have that feel of the 60’s in mind
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woods | a defenseless person; a naive‚ young person | He’s just a babe in the woods. He needs someone to protect him. | a bad taste in my mouth | a feeling that something is false or unfair‚ a feeling of ill will | I left the meeting with a bad taste in my mouth. There was a lot of dishonesty in the room. | a bad time | a lot of teasing‚ a rough time | The class gave him a bad time about his pink shorts. | a ball-park figure | a number that is near the total; approximate figure | Fifty is a ball-park
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due to the Bad Debt Expense estimation being based off 3% of net credit sales instead of the prior years’ estimate of 1.5%. The increase in Bad Debts expense as a result of the increase in estimate materially affected the 2012 earnings. However‚ 2012 had been a great year for earnings‚ so the additional expense did not disturb the earnings growth trend Nebobites’ had experienced in the past. However‚ upon further research‚ Jenny could find no justification for the increase in the Bad Debt Expense
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only were sowing they’re oats) good boys who only went in for an occasional prank. 3.The Roughnecks also engaged in delinquent behavior they hung out at night drank‚ fought ‚stole The Roughnecks were perceived to be kids heading for trouble (bad bunch of boys) 4.The Saints were looked upon as good because they were respectful of authority they dressed nice drove nice cars ‚vs. The roughnecks who didn’t dress so nice had little money and were very disrespectful to authority. The saints
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INDRODUCTION In this project I intend to analyze the complex case of Shangri-La hotel chain a company mainly situated in the Asia pacific but also in some regions of Europe‚ North America and Australia. I will explain its business strategy making an external analysis about the macro environment‚ the industry environment and the competitors. I will then try to find some ways to improve the company’s financial and strategic performance and its contribution to a sustainable competitive environment
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