If a Firm Has a Cash Cycle of 10 Days

question 7

Multiple Choice

If a firm has a cash cycle of 10 days and an operating cycle of 43 days, what is its average payment period?

• A) 10
• B) 33
• C) 43
• D) 53

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Definitions:

Congress

The national legislative body of the United States, consisting of the Senate and the House of Representatives, responsible for making laws.

Constitution

The fundamental principles or established precedents according to which a state or other organization is governed.

Constitution Of 1787

The founding document of the United States of America, drafted in 1787, which established the framework of the U.S. government and its fundamental laws.

Slavery

A system where individuals are owned by others, deprived of personal freedom and compelled to perform labor or services without the right to refuse.