A Firm Has an Average Age of Inventory of 60

question 99

Multiple Choice

A firm has an average age of inventory of 60 days, an average collection period of 45 days, and an average payment period of 30 days. The firm's cash conversion cycle is__________ days.

• A) 135
• B) 45
• C) 75
• D) 15

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Definitions:

Sequencer Program

A series of instructions designed to execute a set of operations in a specific order, often used in automation and control systems to manage complex processes.

Transition

In system design and programming, a transition refers to the change of state or condition, often triggered by specific events or conditions.

Sequencer Instruction

A command in PLC programming that manages a sequence of operations or steps in a controlled process.

Energized

A state wherein a component or circuit has electrical power supplied to it, making it operational or active.