(a) (i) You have collected the following information for Fishy Berhad. (ii) Item Inventory Account receivable Account payable Other information provided are credit sales RM210,000 and cost of goods sold RM198,000. Calculate; Operating cycle Beginning RM20,700 RM9,900 RM16,500 Cash cycle Ending RM43,300 RM11,500 RM22,700
(a) (i) You have collected the following information for Fishy Berhad. (ii) Item Inventory Account receivable Account payable Other information provided are credit sales RM210,000 and cost of goods sold RM198,000. Calculate; Operating cycle Beginning RM20,700 RM9,900 RM16,500 Cash cycle Ending RM43,300 RM11,500 RM22,700
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter6: Receivables And Inventories
Section: Chapter Questions
Problem 6.2MBA: Allowance method Using transactions listed in £6-S. indicate the effects of each transaction on the...
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Step 1: Formulas.
VIEWStep 2: Computation of Average Inventory , Average receivables , Average payables.
VIEWStep 3: Computation of Days Inventory outstanding, Days sales outstanding and Days Payable outstanding.
VIEWStep 4: Answer to part a. Computation of Operating cycle.
VIEWStep 5: Answer to part b. Computation of cash cycle.
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