Syed's Industries Has Accounts Receivable of $700, Inventory of $1,200

question 320

Multiple Choice

Syed's Industries has accounts receivable of $700, inventory of $1,200, sales of $4,200, and cost of goods sold of $3,400. How long does it take Syed's to both sell its inventory and then collect the payment on the sale?

• A) 128 days
• B) 146 days
• C) 163 days
• D) 190 days
• E) 211 days

Comprehend the importance and wide applicability of learning principles across various behavioral scenarios.

Understand the role of reinforcers in decision-making processes related to self-control and prioritize long-term goals over immediate gratifications.

Recognize strategies for maintaining positive habits or breaking negative ones through the manipulation of environmental cues.

Understand the critical features that make an instrument negotiable.

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Definitions:

Depreciation

The process of allocating the cost of a tangible asset over its useful life, representing how much of the asset's value has been used up.

Accounts Payable

A liability to a creditor, usually for purchases of goods and services.

Net Working Capital

Net Working Capital is a financial metric that measures a company's ability to meet its short-term obligations with its short-term assets.

Current Assets

Assets that are expected to be converted into cash or used up within one year or one business cycle, whichever is longer, such as cash, inventory, and receivables.