Author Question: The blackout period refers to the time between A) the date of death and when survivors ... (Read 79 times)

HudsonKB16

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The blackout period refers to the time between
 
  A)
 
  the date of death and when survivors benefits begin.
  B)
 
  when you begin working and you become a covered worker.
  C)
 
  early retirement age and normal retirement age.
  D)
 
  when benefits cease for a caretaking spouse and a widow(er)s pension begins.

Question 2

Beverly Corp had total sales of 1,200,000 in 2010 (80 percent of its sales are credit). The company's gross profit
  margin is 25 percent, its ending inventory is 150,000, and its accounts receivable balance is 90,000.
 
  What
  additional amount of cash could the firm have generated if it had increased its inventory turnover ratio to 9.0
  and reduced its average collection period to 28.21875 days?



momolu

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Answer to Question 1

D

Answer to Question 2

Currently, cost of goods sold is 900,000 and inventory turnover is 6. To increase inventory turnover to 9, the inventory
balance would need to decrease to 100,000, or a decrease of 50,000, resulting in additional cash of 50,000.



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momolu

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