ABC Company writes 330 checks a day for an average amount of $489 each. These checks generally clear the bank in 2 days. In addition, the firm generally receives an average of $176,042 a day in checks that are deposited immediately. Deposited funds are available in 1 days. What is the firm's net float?

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ABC Company has a cash cycle of 12.62 days, an operating cycle of 19.02 days, and an average collection period of 4 days. The company reported cost of goods sold of $266,677. What is the company's average balance in Accounts Payable?

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Compute the Accounts Payable (A/P) period based on the following information: 

Average A/P balance = $50,659
Annual Cost of Goods Sold = $455,648
Assume 365 days

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ABC Company sells 3,845 chairs a year at an average price per chair of $167. The carrying cost per unit is $37.98. The company orders 500 chairs at a time and has a fixed order cost of $64 per order. The chairs are sold out before they are restocked. What is the economic order quantity? 

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Sales are collected as follows:

In the month of Sales: 34%
In the next month: 22%
After 2 months: 13%
After 3 months: remainder is collected

Calculate the cash collection for November.

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As of this morning, your firm had a ledger balance of $4,699 with no outstanding deposits or checks. Today, your firm deposited 9 checks in the amount of $483 each and wrote a check in the amount of $796. What is the amount of the collection float as of the end of the day? 

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As of this morning, your firm had a ledger balance of $3,074 with no outstanding deposits or checks. Today, your firm deposited 7 checks in the amount of $442 each and wrote 4 checks in the amount of $981. What is the amount of the disbursement float as of the end of the day? 

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On July 15^th, you purchased $10,000 worth of goods. The terms of the sale were 1/6, net 38. What is the effective annual rate of interest for the credit period for this sale? 

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Sales are collected as follows:

In the month of Sales: 40%
In the next month: 33%
After 2 months: 9%
After 3 months: remainder is collected

Calculate the cash collection for December.

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ABC Company sells 4,217 chairs a year at an average price per chair of $167. The carrying cost per unit is $55.48. The company orders 348 chairs at a time and has a fixed order cost of $161 per order. The chairs are sold out before they are restocked. How many orders will company place if it follows the economic order quantity model?

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The terms of the sale were 3/8, net 43. What is the effective annual rate of interest? 

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Sales are collected as follows:

In the month of Sales: 32%
In the next month: 27%
After 2 months: 5%
Remainder is considered as bad debt and is not collected.

Calculate the cash collection for June.

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ABC Corporation currently has an inventory turnover of 27.38, a payables turnover of 13.4, and a receivables turnover of 13.94. How many days are in the operating cycle?  

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ABC Company has an average collection period of 29 days and factors all of its receivables immediately at a 1.5 percent discount. Assume all accounts are collected in full. What is the firm's effective cost of borrowing?

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ABC Company sells 2,014 chairs a year at an average price per chair of $126. The carrying cost per unit is $39.72. The company orders 365 chairs at a time and has a fixed order cost of $82.8 per order. The chairs are sold out before they are restocked. What are the total shortage costs? 

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Compute the cash cycle based on the following information: 

Average Collection Period = 51
Accounts Payable Period = 46
Average Age of Inventory = 41

ABC Company has annual sales of $413,375 and cost of goods sold of $198,600. The average accounts receivable balance is $52,359. How many days on average does it take the firm to collect its accounts receivable? Assume 365 days.

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The company has estimated expenses as follows: 

General and administrative expenses: $9,293
Material purchases are 74 percent of sales. Material purchases are paid in the month following the purchase.
Interest payment per month: $3,596
Rent expenses per quarter starting March: $6,525

Calculate the cash outflows for June.

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ABC Company has annual sales of $400,000 and cost of goods sold of $335,709. The accounts payable period is 50.78 days. What is the average accounts payable balance? 

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ABC Company sells 2,587 chairs a year at an average price per chair of $153. The carrying cost per unit is $18.42. The company orders 380 chairs at a time and has a fixed order cost of $109.7 per order. The chairs are sold out before they are restocked. What are the total carrying costs? 

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ABC Corporation currently has an inventory turnover of 9.54, a payables turnover of 10.26, and a receivables turnover of 12.65. How many days are in the cash cycle?  

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