On Average a Company Has Goods on Hand for 120

question 14

Multiple Choice

On average a company has goods on hand for 120 days before they sell them.They buy their goods on credit with 30-day terms and they sell their goods by offering 20 days to pay.What is their inventory conversion period?

• A)90 days
• B)110 days
• C)120 days
• D)140 days

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Definitions:

Learning Styles

Various methods or strategies by which individuals prefer to learn or acquire knowledge, emphasizing the diversity in learning preferences.

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Fundamental courses within a student's major area of study that are required to build the foundation of their academic knowledge.

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An educational advisor who assists students in the development of meaningful educational plans compatible with the attainment of their life goals.

Learning Style

The preferred or most effective method an individual uses to gain knowledge or skills.