Merryl Enterprises Currently Has an Operating Cycle of 62 Days

question 100

Multiple Choice

Merryl Enterprises currently has an operating cycle of 62 days. The firm is analyzing some operational changes, which are expected to increase the accounts receivable period by 2 days and decrease the inventory period by 5 days. The accounts payable turnover rate is expected to increase from 42 to 46 times per year. If all of these changes are adopted, what will the firm's new operating cycle be?

• A)51 days
• B)57 days
• C)59 days
• D)60 days
• E)65 days

Understand the importance of effective communication in health care.

Identify the roles and responsibilities of health care professionals in a team-based approach to patient care.

Recognize the significance of patient, family, and community involvement in health maintenance and disease treatment.

Understand the principles of efficient and effective care within the healthcare setting.

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Definitions:

Financial Forecasts

Projections of a company's future income, expenses, and capital requirements, based on assumptions about economic conditions, market trends, and business operations.

Affiliate

A business enterprise located in one state that is directly or indirectly owned and controlled by a company located in another state. Also called foreign subsidiary.

Issuer

An issuer is an entity that releases securities into the market for investors to purchase, often to raise capital for the entity's operations or projects.

Control

refers to having the power to direct the management and policies of a company, often through the ownership of a majority of shares.