If a Firm Has a Cash Cycle of 38 Days

question 66

Multiple Choice

If a firm has a cash cycle of 38 days and an operating cycle of 82 days, what is its payables turnover?

• A) 8.79
• B) 8.30
• C) 9.53
• D) 10.89

Comprehend the importance of choosing the appropriate communication channel based on the sensitivity of the information.

Learn the basics and etiquette of various communication technologies including wikis, voice mail, and Web 2.0.

Identify the importance of maintaining positive human relations through proper communication channel selection.

Understand the role and guidelines of corporate communication in recognizing employee achievements.

---

Definitions:

Equivalent Units

A concept used in cost accounting to convert partially completed goods into a number of fully completed units for inventory valuation and cost analysis.

Direct Materials

Raw materials that can be directly associated with the production of a product.

FIFO Method

A method of inventory valuation where the first items purchased are the first to be sold or used.

Beginning Work

The initial stock of work-in-process inventory at the start of an accounting period.