Assume a Firm's Production Process Requires an Average of 80

question 132

Multiple Choice

Assume a firm's production process requires an average of 80 days to go from raw materials to finished products and another 40 days before the finished goods are sold. If the accounts receivable cycle is 70 days and the accounts payable cycle is 80 days, what would the operating cycle be?

• A) 110 days
• B) 130 days
• C) 190 days
• D) 270 days

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Definitions:

Mental Representations

Internal cognitive symbols, models, or maps of the world, phenomena, or concepts that the mind constructs for understanding and navigating the environment.

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or otherwise sensed, a critical concept in the cognitive development of infants.

Sensorimotor Substage

A phase within Piaget's sensorimotor stage of development where infants use their senses and motor abilities to understand the world.

Secondary Circular Reactions

A developmental stage in infants from about 4 to 8 months characterized by intentional repetition of actions that produce effects on the environment.