A Firm Has an Operating Cycle of 120 Days, an Average

question 121

Multiple Choice

A firm has an operating cycle of 120 days, an average collection period of 40 days, and an averagepayment period of 30 days. The firm's average age of inventory is_________ days.

• A) 70
• B) 80
• C) 50
• D) 90

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Definitions:

Environmental Factors

External elements like climate, pollutants, or social conditions that can influence an individual's development, behavior, and health.

Lewis Terman

An American psychologist best known for his revision of the Stanford-Binet IQ test and for his longitudinal studies on gifted children.

Intelligence Tests

Assessments designed to measure a person's cognitive abilities and potential.

Correlation

A statistical measure that describes the extent to which two variables change together, but not necessarily cause one another.