A Firm Purchases Raw Materials on June 1st

question 50

Multiple Choice

A firm purchases raw materials on June 1st.It converts the raw materials into inventory by the last day of the month,June 30th.However,it pays for the materials on June 15th.On July 31st,it sells the finished goods inventory.Then the firm collects cash from the sale one month later on August 31st.If this sequence accurately represents the firm's average working capital cycle,what is the firm's cash conversion cycle in days?

• A) 45 days
• B) 77 days
• C) 61 days
• D) 107 days
• E) 30 days

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Definitions:

Wild-Type Allele

The version of a gene that is most commonly found in a natural population of organisms.

Homozygous Allele

A genetic condition where an individual inherits two identical alleles for a particular gene from both parents.

Selective Breeding

The process of breeding plants or animals for specific genetic traits, aiming to produce offspring with desired characteristics.

Genetic Traits

Characteristics and features that are inherited from parents to offspring through the DNA.