If a Firm Has a Cash Cycle of 41 Days

question 24

Multiple Choice

If a firm has a cash cycle of 41 days and an operating cycle of 76 days, what is its average payment period?

• A) 52 days
• B) 29 days
• C) 117 days
• D) 35 days

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Definitions:

Nativism

The political policy of promoting the interests of native inhabitants against those of immigrants, including advocating for restrictions on immigration.

Second Great Awakening

A Protestant religious revival during the early 19th century in the United States, which led to the formation of new denominations and increased church membership.

Market Revolution

A significant change in the U.S. economy in the early 19th century characterized by rapid expansion of markets, increase in industrial production, and significant changes in transportation and communication.

Transcendentalism

A philosophical and social movement that emerged in the early 19th century, emphasizing intuition, nature, and the inherent goodness of people.