BP Has an Average Age of Inventory of 60 Days,an

question 7

Multiple Choice

BP has an average age of inventory of 60 days,an average collection period of 45 days,and an average payment period of 30 days.Based on this information,BPs cash conversion cycle is ________ days.

• A)25
• B)35
• C)45
• D)55
• E)none of the above

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Definitions:

Accommodation

A cognitive process in Piaget's theory, where existing mental schemas are modified or new ones created in response to new information.

Clinical Method

A systematic approach in the medical field for diagnosing, treating, and observing patients.

Socratic

Pertaining to the Socratic method, an approach to teaching that uses question-and-answer dialogue to stimulate critical thinking and illuminate ideas.

Field Observation

A method of collecting research data that involves observing and sometimes interacting with subjects in their real-life environment.