Suppose That Freddy's Fries Has Annual Sales of $500,000, Cost

question 74

Multiple Choice

Suppose that Freddy's Fries has annual sales of $500,000, cost of goods sold of $375,000, average inventories of $9,000, and average accounts receivable of $25,000. Assuming that all of Freddy's sales are on credit, what will be the firm's operating cycle?

• A) 27.01
• B) 18.25
• C) 8.76
• D) 9.49

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Definitions:

Less Prejudiced

Refers to demonstrating or holding fewer prejudiced attitudes, beliefs, or actions against individuals or groups based on preconceived notions.

Healthier

Possessing or exhibiting better physical or mental health compared to a previous state or to others.

Social Desirability Bias

The tendency of respondents to answer questions in a manner that will be viewed favorably by others, often leading to overreporting of socially desirable behaviors and underreporting of undesirable behaviors in surveys and studies.

Psychological Test

An assessment tool used to measure and evaluate mental functions and behaviors.