A Firm with an Inventory Period of 30 Days, an Accounts

question 91

Multiple Choice

A firm with an inventory period of 30 days, an accounts receivable period of 30 days, and an accounts payable period of 90 days has a cash conversion cycle of _____ days.

• A) 150
• B) -60
• C) 30
• D) -30

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Definitions:

Social Animal

A term used to describe humans or other creatures that are innately inclined to live in communities or groups.

Social Animals

Refers to species that are inclined to live in communities or groups, interacting with each other for various survival and social benefits.

Cultural Act

An action or behavior that is shaped by and contributes to the customs, beliefs, and traditions of a particular society or group.

Homosexual Behavior

Sexual activities or practices between individuals of the same sex.