Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. star foods distributes its products to more than 5

Star Foods distributes its products to more than 50 restaurants and delicatessens. The company's collection...

90.2K

Verified Solution

Question

Accounting

Star Foods distributes its products to more than 50 restaurants and delicatessens. The company's collection period is 32 days and it keeps its inventory for 10 days. The company pays its accounts payable on an average 30 days. What is Star Food's operating cycle?
42 days
8 days
22 days
12 days
None of the provided answers is correct.
You are interested in investing $16,550, a gift from your favorite Uncle, for the next four years in a mutual fund that will earn an annual return of 7 percent, compounded annually. What will your investment be worth at the end of four years?
(Round to the nearest dollar).
$78,089
$27,694
$20,407
$20,221
$20,973
$21,628
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

How can you determine if you need to use a combination or permutation to count the...

Advance Math
Q

Why would you buy Treasury bill futures contracts and as Eurodollar futures? What is the possible use...

Finance
Q

A triangle and a square of side a are formed by a constant lenght 1...

Physics
Q

P O 82 151 N NOPQ WXUV What is PQ Q U 32 mm X...

Geometry
Q

Consider the following set that shows the high temperature in Orlando for the past 8...

Algebra
Q

Jekell Catering Inc. is a caterer of corporate lunches and events. The following is Jekell's...

Accounting
Q

On January 1, Riverbed Corp. lent $46,000 to Marin Ltd., accepting Marin's $61,226,...

Accounting
Q

Fred Brown has agreed to work for the Creed...

Accounting
Q

The correct answer is B but I don't know how to get there. Please explain...

Accounting
Q

Determine whether (1,3) is a solution of (x+7)2(y+5)2=10. Since the expression (x+7)2(y+5)2 evaluated at (1,3)...

Accounting
Q

Which account should be used to make a rent payment for a company's office building?...

Accounting
Q

Marigold Company uses a periodic inventory system. Details for the inventory account for the month...

Accounting