Inmoo Company's Average Age of Accounts Receivable Is 68 Days,the

question 51

Multiple Choice

Inmoo Company's average age of accounts receivable is 68 days,the average age of accounts payable is 40 days,and the average age of inventory is 69 days.Assuming a 365-day year,what is the length of its cash conversion cycle?

• A) 113 days
• B) 76 days
• C) 97 days
• D) 104 days
• E) 114 days

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Definitions:

Defensive Attribution

The tendency to blame victims for their misfortune, so that one feels less likely to be victimized in a similar way.

News Account

A report or description of recent events or facts, provided by the media or a personal observation.

Outgroup Homogeneity Effect

The perception that members of an out-group are more similar to each other than they actually are, often contrasted with the in-group.

Out-Group Homogeneity Effect

The Out-Group Homogeneity Effect is a psychological phenomenon where individuals perceive members of an out-group as more similar to each other than they are to members of their in-group.