Jaxson and Sons Has an Inventory Period of 33 Days

question 88

Multiple Choice

Jaxson and Sons has an inventory period of 33 days, a trade payables period of 41 days and a trade receivables period of 27 days.Management is considering offering a 5% discount if its credit
Customers pay for their purchases within 10 days.If the new discount is offered the trade
Receivables period is expected to decline by 13 days.If the new discount is offered, the operating
Cycle will decrease from _____ days to _____ days.

• A)19; 6
• B)60; 47
• C)87; 74
• D)101; 88
• E)101; 91

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Definitions:

Economic Interest Groups

Organizations that seek to influence public policy in favor of specific economic interests and benefits of their members.

Public Interest Groups

Organizations that aim to influence public policy in favor of the common good or a specific public interest rather than the interests of a particular group.

Direct Techniques

Strategies or methods applied in a straightforward and immediate manner to achieve a particular result, often used in the context of communication, marketing, or therapeutic interventions.

Interest Groups

Organizations or groups of individuals who share common interests or goals and seek to influence public policy and decision-making processes.