Jackson's, Inc

question 70

Multiple Choice

Jackson's, Inc. currently has an operating cycle of 154 days and a cash cycle of 38 days. The firm is implementing some changes which 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 3 days. How many days will be in the new cash cycle once all of these changes become effective?

• A) 15 days
• B) 18 days
• C) 21 days
• D) 55 days
• E) 61 days

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Definitions:

Total Fertility Rate

Expected number of children a woman will bear over the course of a lifetime.

Expected Number

A statistical value representing the average outcome in a series of trials or an estimate based on probability.

Human History

The recorded events, cultures, and significant developments in the life of mankind, from ancient times to the present.

Age Structure

Distribution of population members among various age categories.