Suppose That Bethany and Alan Are Both in the Business

question 122

Multiple Choice

Suppose that Bethany and Alan are both in the business of buying and selling used iPhones.Which of the following is correct?​

• A)​Bethany and Alan have an option.
• B)​Bethany and Alan have a contract with the original packaging being included.
• C)Bethany and Alan have a contract without the packaging being included.
• D)Bethany and Alan do not have a contract.

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Definitions:

Inventory Turnover

An indicator of the number of times a firm's inventory turnover occurs during a certain period, demonstrating the effectiveness of its inventory control practices.

Operating Cycle

The duration between the initial investment in production and the generation of cash from the sale of the goods produced.

Total Asset Turnover

An efficiency metric indicating how well a company leverages its assets to generate revenue from sales.

Average Sale Period

The average time it takes for a business to convert its inventory into sales, indicating the efficiency of inventory management.