公司理财教学资料chap018-020.pptVIP

* Lecture Tip: Students should recognize that a company would prefer to take as long as possible before paying bills. You might mention that accounts payable is often viewed as “free credit;” however, the cost of granting credit is built into the cost of the product. Note that the operating cycle begins when inventory is purchased and the cash cycle begins with the payment of accounts payable. * Payment of accounts: Q1: 125 + .5(600)/2 = 275 Q2: 150 + .5(650)/2 = 313 (rounded to nearest dollar throughout) Q3: 162 + .5(800)/2 = 362 Q4: 200 + .5(550)/2 = 338 * The company will need to access a l