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Manufacturing Planning and Control

Please help with this question.

Calculation: In the month of January, Reliance® Auto sold 60 vehicles and had account receivable of $160,000.00. If a vehicle costs $40,000, account payable is $240,000 and the cost of sales is 72%, and the current value of total inventory is $500,000.00, Calculate;

Please show all work for this assignment and explain your derivations

-The average daily sales
-The average days of accounts receivable
-The average daily cost of sales
-The average days of inventory
-Cash to cash cycle time.

Solution Preview

Calculation: In the month of January, Reliance® Auto sold 60 vehicles and had account receivable of $160,000.00. If a vehicle costs $40,000, account payable is $240,000 and the cost of sales is 72%, and the current value of total inventory is $500,000.00, Calculate;

Please show all work for this assignment and explain your derivations

-The average daily sales
-The average days of accounts receivable
-The average daily cost of sales
-The average days of inventory
-Cash to cash cycle time
Solution:
Please note: ...

Solution Summary

The solution discusses manufacturing planning and control

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