Use the Data Given Below to Answer the Following Question(s)

question 13

Multiple Choice

Use the data given below to answer the following question(s) .
Following is an extract from the Cost per Order Database of Grogtes LLC.

-What is the rank of the 42ⁿᵈ percentile of the costs per order ?

• A)17
• B)13.35
• C)19
• D)33.75

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Definitions:

All-Cash Policy

A business strategy in which transactions are conducted exclusively with cash, avoiding the use of credit.

Credit Period

The time frame allowed by a seller to a buyer to pay for goods or services received, usually expressed in days.

Operating Cycle

The duration of time it takes for a company to buy inventory, sell it, and convert the sale back into cash. It reflects the efficiency of a company's inventory management and sales processes.

Inventory Cycle

The inventory cycle involves the process from purchasing goods for inventory to selling them to customers, and is key in determining the efficiency of a company's inventory management.