Carter's Gym Currently Has a 189-Day Operating Cycle

question 70

Multiple Choice

Carter's Gym currently has a 189-day operating cycle.The company is concentrating on increasing its inventory turnover rate from 8.4 to 9.5 times.What will the firm's new operating cycle be if it can effectively make this change?

• A)183.97 days
• B)183.46 days
• C)187.00 days
• D)194.03 days
• E)196.34 days

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Definitions:

Marginal Decision Making

The process of evaluating the benefits and costs of small (or marginal) adjustments to an existing course of action.

Economic Concept

A theoretical construct that represents ideas or theories within economics to explain various aspects of the economy, such as supply and demand, inflation, or growth.

Marginal Analysis

A method used in economics and decision-making that examines the costs and benefits of making small (marginal) adjustments to the quantity of a good or service.

Economic Terms

Vocabulary and phrases specific to the study and practice of economics, encompassing theories, models, and real-world financial practices.