The Operating Cycle Is Equal to Which One of the Following

question 85

Multiple Choice

The operating cycle is equal to which one of the following?

• A)Inventory period plus the accounts payable period
• B)Accounts receivable period plus the cash cycle
• C)Inventory period minus the accounts payable period plus the accounts receivable period
• D)Accounts receivable period plus the inventory period
• E)Inventory period plus the cash cycle

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Definitions:

Marginal Utility

The extra pleasure or advantage gained from using an additional unit of a product or service.

Dozen Oysters

A quantity of twelve oysters, often used as a standard unit of sale in seafood markets.

Total Utility

The total satisfaction received from consuming a particular amount of goods or services.

Beers

Alcoholic beverages made from yeast-fermented malt flavored with hops.