The Operating Cycle of a Business Is Best Defined as Which

question 81

Multiple Choice

The operating cycle of a business is best defined as which of the following?

• A) the period of time for which we prepare our financial statements
• B) the length of time over which our plant and equipment assets are expected to be used by the company in generating revenues
• C) the time it takes for a company to purchase and pay for goods or services from suppliers, sell those goods or services to customers and collect cash from the customers
• D) one year

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Definitions:

Vertices

Vertices are the plural of vertex, referring to the corner points where two or more lines, edges, or rays meet in geometric shapes.

Co-vertices

Points on an ellipse or hyperbola that lie at the end of the minor axis.

Equation

A statement that asserts the equality of two mathematical expressions, often containing one or more variables.

Vertices

The plural of vertex, meaning the corners or points where lines meet in a geometric shape.