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#### The Bakery with a view produces organic bread that is sold by the lat

###### Accounting

The Bakery with a view produces organic bread that is sold by the lat. Each of requires 1/2 of a pound of four. The bakery pays \$3.00 per pound of the organic four sed in its loaves. The bakery expects to produce the following number of loaves in each of the upcoming four months Click the icon to view the units to be produced.) The bakery has a policy that it will have 20% of the following month's four needs on hand at the end of each month. At the end of Jure, there were 154 pounds of flour on hand. Prepare the direct materials budget for the third quarter, with a column for each month and for the quarter Begin the direct materials budget by determining the total quantity needed, then complete the budget (Enter the pounds per unit as a decimal to two places. Round your calculations to the nearest whole number) The Bakery with a view Direct Materials Budget For the Months of July through September July August September Quarter Units to be produced Multiply by Pounds of four needed per unit Quantity needed (s) for production Plus Desired ending inventory of direct materials Total Quantity (lbs) needed Loss Beginning inventory of direct materials end of each month. At the end of June, the Data Table en cin 1,540 loaves ber July .. August September 1,800 loaves ugus 1,720 loaves October .. 1,500 loaves Print Done

Cash conversion cycle American Products is concerned about managing cash efficiently. On the average, inventories have an age of 76 days, and accounts receivable are collected in 32 days. Accounts payable are paid approximately 25 days after they arise. The firm has annual sales of about \$34 million. Cost of goods sold are \$22 million, and purchases are \$16 million. a. Calculate the firm's operating cycle. b. Calculate the firm's cash conversion cycle. C. Calculate the amount of resources needed to support the firm's cash conversion cycle. d. Discuss how management might be able to reduce the cash conversion cycle.