Tryst Energy Inc has an average age of inventory of 65 days, an average collection period of 60 days and an average payment period 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?
A) $600,000
B) $650,000
C) $700,000
D) $559,000
A
You might also like to view...
Advertising is the most difficult part of the IMC program to evaluate for all of the following reasons, except:
A) a delayed impact of the ad B) consumers changing their minds while in the store C) the consumer price index changes D) brand equity considerations
Risk is
A. a chance all entrepreneurs take. B. a probability that adverse conditions will result. C. the possibility of suffering harm or loss. D. usually avoidable.
The main goals of _____ systems are to increase the quality of customer service, reduce the amount of labor involved in serving customers, and learn as much as possible about the service preferences of individual customers.
A. customer relationship management B. enterprise resource planning C. expert D. decision support
Tylenol's competitors were able to win customers when Tylenol's quality control problem was revealed
Indicate whether the statement is true or false