On Average a Company Has Goods on Hand for 120

question 7

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 self-financing period?

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

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Definitions:

Workers

Individuals engaged in any form of work, paid or unpaid, or contributing labor to a task or job.

Europe

A continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere, known for its rich cultural heritage and history.

Pastimes

Activities or hobbies engaged in for pleasure and relaxation during one's free time.

Unpaid Activities

Activities or work performed without financial compensation, including volunteer work, household chores, and caregiving roles.