Multiple changes in cash conversion cycle garrett industries turns over its inventory
six times each year; it has an average collection period of 45 days and an average
payment period of 30 days. the firm’s annual sales are $3 million. assume that
there is no difference in the investment per dollar of sales in inventory, receivables,
and payables, and assume a 365-day year.

a. calculate the firm’s cash conversion cycle, its daily cash operating expenditure,
and the amount of resources needed to support its cash conversion cycle.
b. find the firm’s cash conversion cycle and resource investment requirement if it
makes the following changes simultaneously.
(1) shortens the average age of inventory by 5 days.
(2) speeds the collection of accounts receivable by an average of 10 days.
(3) extends the average payment period by 10 days.
c. if the firm pays 13% for its resource investment, by how much, if anything,
could it increase its annual profit as a result of the changes in part b?
d. if the annual cost of achieving the profit in part c is $35,000, what action would
you recommend to the firm? why?

Alandlord rented an art studio to an artist. under the terms of the signed, written, two-year lease, the artist agreed to pay the landlord $1,000 per month and to assume responsibility for all necessary repairs. after the first year of the lease, the artist assigned the balance of his lease to a sculptor. the landlord approved the sculptor as a tenant and accepted two rent payments from her, and then the landlord sold the building to an investor. the sculptor had made two payments to the investor when an electrical fire broke out in the studio, injuring the sculptor. the fire was caused by faulty wiring. the landlord was aware that there was a dangerous wiring problem when he leased the property to the artist. but when the landlord discovered how costly repairs would be, he decided it would be more profitable to sell the property than to repair it. the problem was not easily discoverable by anyone other than an expert electrician, and the landlord did not tell the artist, the sculptor, or the investor about the problem. the sculptor sues to recover damages for her injuries. from whom can the sculptor recover?

Joe said “your speech was really great, i loved it.” his criticism lacks which component of effective feedback? a) he did not recognize his ethical obligations b) he did not focus on behavior c) he did not stress the positive d) he did not offer any specifics

Identify at least 3 body language messages that project a positive attitude