Figure: Slave Redemption (Figure: Slave Redemption) Refer to the Figure

question 74

Multiple Choice

Figure: Slave Redemption (Figure: Slave Redemption) Refer to the figure. When slaveredeemers enter the market, the total number of freed slaves is________ and the net number of freed slaves is ________.

• A)1,500; 500
• B)1,000; 400
• C)1,100; 100
• D)500; 1,000

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Definitions:

Cash Cycle

The period between the outlay of cash for the purchase of raw materials and the collection of cash from the sale of products, indicating the efficiency of a company's cash management.

Operating Cycle

The duration between the acquisition of inventory by a company and the collection of payment for the sales of that inventory.

Bank Financing

The process of obtaining capital through the borrowing of funds from a bank.

Collection Period

A metric that measures the length of time it takes for a business to convert its accounts receivable into cash.