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Submitted by paulieboy on May 1, 2009
2) a.
b.
c. operating cycle = 72.9 + 51.1 = 124 days
d.
e. cash conversion cycle = 124 - 54.8 = 69.2 days
f. The cash conversion cycle represents the net time interval between the collection
of cash receipts from product sales and the cash payments for the company's
various resource purchases.
7) a.
cash conversion cycle = 267.6 - 109.5 = 158.1 days
b. 158.1 days represents the time between the collection of cash from sales and cash
payments for resource purchases.
4) a.
b.
7) a. Interest costs 0.09($250,000) = $22,500
Commitment fee 0.005($750,000) = $3,750
Usable funds 0.90($250,000) = $225,000
b. Interest costs 0.09($500,000) = $45,000
Commitment fee 0.005($500,000) = $2,500
Usable funds 0.90($500,000) = $450,000
c. Interest costs 0.09($1,000,000) = $90,000
Commitment fee 0.005($0) = 0
Usable funds 0.90($1,000,000) = $900,000
8) Interest costs = 0.06($5,000,000)(182/365) = $149,589
Usable funds = $5,000,000 - $149,589 - $8,000 = $4,842,411
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