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xxTIMURxx
1 month ago
10

Tryst Energy Inc. has an average age of inventory of 65 days, an average collection period of 60 days and an average payment per

iod of 65 days. The firm's total annual outlays for operating cycle investments are $3.65 million. Assuming a 365-day year, how much financing is required to support its cash conversion cycle?
Business
1 answer:
soldi70 [3.1K]1 month ago
4 0

Answer:

A total of $600,000 is needed for financing to support the cash conversion cycle

Explanation:

To determine the financing requirement, we start by calculating the cash conversion payable illustrated as follows:

Cash conversion cycle = Average inventory age + Average collection duration - Average payment time

= 65 + 60 - 65

= 60 days

Next, we must utilize the financing equation shown below:

= Total annual operating cycle outlays × cash conversion cycle ÷ total days in a year

= $3,650,000 × 60 days ÷ 365

= $3,650,000 × 0.16438

= $600,000

Hence, a financing amount of $600,000 is essential to sustain the cash conversion cycle.

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Answer:

B). targeting strategy and marketing mix

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Jo is an honest and straightforward person. She believes her employees are all similarly honest and straightforward, ignoring si
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Jo is a candid and honest individual. She holds the belief that her staff shares the same honesty and straightforwardness, overlooking any indications that they might be deceiving her. Which perceptual shortcut is Jo most likely employing? a. prototypingb. contrast effect c. halo effect d. stereotyping e. projection

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