If a Firm Has a Cash Cycle of 8 Days

question 128

Multiple Choice

If a firm has a cash cycle of 8 days and an operating cycle of 39 days, what is its average payment period?

• A) 47 days
• B) 39 days
• C) 31 days
• D) 8 days

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Definitions:

Savage Inequalities

Deep and disturbing disparities in opportunities and resources, often observed between different socioeconomic and racial groups in society.

Jonathan Kozol

An educator and writer renowned for his work on social injustices in education and his advocacy for equitable and quality education for all children.

Inequality

The unequal distribution of resources, opportunities, and rights among individuals or groups, leading to social and economic disparities.

Lucrative Professions

Occupations that offer a high financial reward, often requiring specialized skills, education, or experience, and are in high demand within the economy.