A Firm with an Inventory Period of 100 Days and an Accounts

question 43

True/False

A firm with an inventory period of 100 days and an accounts receivable period of 50 days will have an operating cycle of 150 days.

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Definitions:

Intangible Assets

Non-physical assets that have value, such as intellectual property, brand recognition, and goodwill.

Tangible Assets

Physical and material assets such as machinery, buildings, and inventory, which have a value and exist physically.

Profitability

The ability of a business to earn a profit, or the degree to which its revenues exceed its expenses.

HRM Activities

Tasks and functions associated with Human Resource Management, focusing on managing people within organizations in areas such as recruitment, training, and compliance with labor laws.