Gencom International Has Accounts Receivable Days of 34,and Accounts Payable

question 121

Multiple Choice

Gencom International has accounts receivable days of 34,and accounts payable days of 52.If its cash conversion cycle is -7 days,what is Gencom's inventory days?

• A)79 days
• B)93 days
• C)7 days
• D)25 days
• E)11 days

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Definitions:

Equivalent Single Discount

A single discount rate that equates to a series of multiple discounts, simplifying pricing and discount calculations.

Complement Rates

The rates or values that, when combined, complete something to a whole or 100%.

Net Price

The final price after all discounts, rebates, and incentives have been subtracted from the list price.

Complement Method

A mathematical technique often used in digital computation to simplify subtraction, by working with the complement of numbers.