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

question 131

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 an operating cycle of _____ days.

• A) 60
• B) -60
• C) 30
• D) -30

---

Definitions:

Income Inequality

The unequal distribution of income and wealth among individuals or groups within a society.

Consumption Patterns

The tendencies or habits of consumers in acquiring and using goods and services over time.

Economies Of Scale

A situation where the cost per unit of output decreases as the scale of production increases.

Income Inequality

The unequal distribution of income among individuals or households in an economy, leading to various social and economic issues.