An Organization Requires an Average of 58 Days to Convert

question 111

Multiple Choice

An organization requires an average of 58 days to convert raw materials into finished products to sell. An average of 42 additional days is required to collect receivables. If the organization takes an average of 10 days to pay for the raw materials, how long is its total cash conversion cycle?

• A) 26 days.
• B) 90 days.
• C) 100 days.
• D) 110 days.

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Definitions:

Native Americans

Refers to the indigenous peoples of the United States, including their cultures, histories, and societies.

U.S. Government

The federal government of the United States, established by the Constitution, comprising three branches: executive, legislative, and judicial.

Treaties

Formal agreements between two or more sovereign states, typically regarding peace, alliances, or trade.

Native Americans' Status

Refers to the socioeconomic and legal standing of Native American peoples within the United States, including the issues related to sovereignty, rights, and cultural preservation.