Natcher Corporation's Accounts Receivable at the End of Year 2

question 110

Multiple Choice

Natcher Corporation's accounts receivable at the end of Year 2 was $126,000 and its accounts receivable at the end of Year 1 was $130,000. The company's inventory at the end of Year 2 was $127,000 and its inventory at the end of Year 1 was $120,000. Sales, all on account, amounted to $1,380,000 in Year 2. Cost of goods sold amounted to $800,000 in Year 2. The company's operating cycle for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)

• A) 44.7 days
• B) 17.3 days
• C) 62.8 days
• D) 90.2 days

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Definitions:

Pheromone

A biochemical compound that is produced and emitted into the environment by an animal, influencing the behavior or physical state of other members of its species.

Odorant Protein Binding

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Biopsychosocial Theory

A holistic perspective stating that biological, psychological, and social factors all play a significant role in human functioning in the context of disease or illness.

Psychoneuroimmunological

Related to the study of how psychological processes, the nervous system, and the immune system interact to affect health.