If a Firm Has a Cash Cycle of 39 Days

question 78

Multiple Choice

If a firm has a cash cycle of 39 days and an operating cycle of 88 days, what is its average payment period?

• A) 39 days
• B) 49 days
• C) 88 days
• D) 127 days

---

Definitions:

8-12 Months

A developmental period marked by significant achievements like crawling, standing, and possibly beginning to walk, as well as stranger anxiety and attachment to caregivers.

Delay Of Gratification

The ability to resist the temptation for an immediate reward and wait for a later reward.

Over 3 Years

A term indicating a duration longer than three years.

18-36 Months

An age range that references the developmental stage of toddlers, from one and a half years to three years old.