Michael Jackson,Inc

question 12

Multiple Choice

Michael Jackson,Inc.currently has an operating cycle of 154 days and a cash cycle of 38 days.The firm is implementing some changes that will reduce the inventory period by 16 days and decrease the receivables period by 4 days on average.The accounts payable period will be decreased by 4 days.How many days will be in the new cash cycle once all of these changes become effective?

• A)15 days
• B)16 days
• C)22 days
• D)55 days
• E)61 days

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Definitions:

Deliberate Practice

A highly structured activity engaged in with the specific goal of improving performance.

Procedural Memories

A type of long-term memory that involves the retention of skills and procedures which are performed automatically, without conscious thought.

Semantic Memory

pertains to a portion of long-term memory that processes ideas and concepts not drawn from personal experience, including knowledge of facts and general information.

Great Lakes

A group of five large, interconnected freshwater lakes located on the border between the United States and Canada, known as Superior, Michigan, Huron, Erie, and Ontario.