Calculate the Cash Conversion and Operating Cycle, Given the Following

question 88

Multiple Choice

Calculate the Cash Conversion and Operating cycle, given the following information: $$\begin{array} { | l | c | } \hline \text { Data: } & \\\hline \text { Average Inventory } & 1,500.00 \\\hline \text { Average AR } & 2,500.00 \\\hline \text { Average AP } & 650.00 \\\hline \text { sales } & 12,000.00 \\\hline \text { COGB } & 9,500.00 \\\hline\end{array}$$

• A)107 days and 132 days
• B)109 days and 134 days
• C)111 days and 136 days
• D)113 days and 138 days

Understand the use of work in process accounts in a process costing system.

Distinguish between process and job order cost systems.

Identify industries that typically use a process cost system.

Understand how to calculate the total cost of work in process.

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Definitions:

Product Sales

The activities involved in selling goods or services to consumers.

Actual Confusion

In trademark law, a situation where consumers mistakenly believe that goods or services originate from the same source due to similarity in branding or marketing.

Trademark Infringement

The unpermitted employment of a trademark or service mark with products and/or services in a way that can lead to confusion, deceit, or errors regarding the origin of the products and/or services.

Secondary Meaning

An additional meaning a trademark acquires, distinguishing the trademark's goods or services as originating from a particular source.