Cash sales $ 576000 Credit sales $ 500000
Total sales Cost of goods sold $ 554736 For the coming year , Rian Company wants to reduce its average production cycle to 39.5 days . If the target-ending inventory for 2015 is $ 68267 , what cost of goods sold will the company need to reach its goal ?
P13-5 ( similar to )
Average collection cycle . Use the following account information to find the average collection cycle for Rian Company . 2013 and 2014 Selected Balance Sheet Accounts of Rian Company 2014 Selected Income Statement Items for Rian Company
P 13-6 Average collection cycle . Use the following account information for Rian Company . 2013 and 2014 Selected Balance Sheet Accounts of Rian Company
2014 Selected Income Statement Items for Rian Company Cash sales Credit sales Total sales Cost of goods sold Rian Company had set a target of 23.2 days for the collection cycle for 2014 . If total sales had remained at $ 965000 , how much of the sales revenue would have needed to be cash sales for the company to have met the collection goal ?