A Firm Has an Average Age of Inventory of 60

question 193

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 operating cycle is _________days.

• A) 135
• B) 75
• C) 90
• D) 105

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Definitions:

Uncooperative Players

Individuals in a game or situation who choose not to follow the established rules or norms, often seeking personal gain over collective benefit.

Societies

Groups of individuals living together in organized communities with shared laws, traditions, and values.

Stereotype

Oversimplified, generalized beliefs about a group of people that often do not consider individual differences.

Expectation

The belief or anticipation that something will happen or is likely to happen, influencing perceptions and behaviors.