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PROBLEM SOLVING COMPUTATIONS: Please attach your solutions/ submit in this form No changing of answers, please make sure you have the same answers in the form and solution sheet, if it is not the same it will be INVALIDATED. NO PARTIAL POINTS FOR WRONG ANSWERS AND WRONG/INCOMPLETE SOLUTIONS. NO ATTACHMENTS/WRONG ATTACHMENTS, NO SCORE. Round off your answers into the 2nd decimal place. Input numbers only, no commas, no peso sign or symbols, no spaces in between. DECIMALS ARE ALLOWED Last year, Hyacinths Inc. recorded credit sales of P3,500,000, with a days sales. outstanding (DSO) of 35 days. Based on a 365-day year, what was its average receivables balance? Marvel Corporation is working on a cash budget. It has a monthly sales budget of P5,000 and is steady month to month. The company has no bad debts. The 40% of its customers pay in the first month and earn a 2% discount. The remaining 60% of the customers pay in the month after the transaction and do not receive a discount. Purchases for the next month's sales have stayed consistent at half or fifty percent of the projected sales. The other payments such as salary, rent, and taxes, account for twenty five percent of current- month sales. What is the average monthly net cash flow after creating a cash budget for a typical month? Lilac Corp. is drafting its financial budget, and sales of P30,000 are expected in January, P35,000 in February, and P35,000 in March. If 20% of sales are cash, 40% are credit sales paid in the month after the sale, and another 40% are credit sales paid two months after the sale, what are the expected cash receipts for March?
DC Comics Incorporated has a cost of goods sold that averages to P2M per month. The inventory of the company was maintained at fifty percent of its monthly cost of goods sold. Compute for the Days Inventory Outstanding. Assuming 365 day calendar. Anthuriums Corporation is a newly formed company and has been offered with * credit terms of 4/30, net 90 days. If it pays 120 days after the purchase, what is the nominal annual percentage cost of its non-free trade credit? (Assume a year of 365 days.) Your company is a consulting firm. You were recently hired by Cathalea Inc. to improve the performance of their firm. Their company is profitable but due to its rapid development, it incurs shortage of funds. You want to find out the company's cash conversion cycle as part of your investigation. What is the firm's current cash conversion cycle, using the following data and a 365-day period? Average inventory Annual sales- Annual cost of goods sold- Average accounts receivable Average accounts payable= P75,000 P600,000 P360,000 P160,000 P25,000