Madeleine Would Like to Know How Long It Takes,on Average,from

question 79

Multiple Choice

Madeleine would like to know how long it takes,on average,from the time inventory is received until it is sold.Madeleine is interested in the:

• A)days in credit.
• B)days in inventory.
• C)days in payables.
• D)days sales outstanding.

---

Definitions:

Variable Cost

Costs that change in proportion to the good or service that a business produces.

Profit

The financial gain obtained when the revenue from selling goods or services exceeds the total cost of producing them.

Fixed Costs

Costs that remain constant regardless of a business's operational levels, including rent, salaries, and loan repayments.

Break-Even Point

The point at which total costs and total revenues are equal, resulting in no gain or loss for the business.