I need to know the each problems process and answers

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I need to know the each problems process and answers
Answered Same DayFeb 25, 2021

Answer To: I need to know the each problems process and answers

Sanjeev answered on Feb 25 2021
136 Votes
Test Paper
            Advanced Corporate Finance                    4. BVC Corp.'s forecast sales and purchases of merchandise invent
ory are provided below for
                                the first three months of 2021. Based upon these figures and using your analysis from
                                problem 1, complete the accounts receivable and accounts payable forecasts in the
                                templates below. Assume each month consists of thirty (30) days.
    Name____________________________________________________________                                        Forecast    Forecast    Forecast
        Last        First                            January    Feb    March
    1. Consider the 2020 financial statements for BVC Corp. provided on the second tab.                            Sales forecast            360    330    320
                                Purchases forecast            240    210    240
    a. Rounding to the nearest whole number of days, what was the company's operating cycle in
    2020?                            Accounts receivable
        27    days                    Beginning balance            165    165    165
                                Sales            360    330    320
                                Collections prior month            0    0    0
    b. Rounding to the nearest whole number of days, what was the company's cash cycle in                            Collections current month            360    330    320
    2020?                            Sub-total...
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