A Firm's Inventory and Accounts Payable Periods Are 80 and 42

question 53

Multiple Choice

A firm's inventory and accounts payable periods are 80 and 42 days,respectively.If the cash cycle is 65 days,what is the firm's receivable period?

• A) 103 days
• B) 57 days
• C) 38 days
• D) 27 days

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Definitions:

Preparedness

The concept in psychology that suggests organisms are innately predisposed to form certain associations or learn particular kinds of behaviors.

Stimuli

External or internal events or occurrences that elicite a response from the sensory system of an organism.

Phobia

An extreme or irrational fear or aversion to something.

Serotonin Synapses

The junctions between neurons where serotonin, a neurotransmitter important for mood regulation, is transmitted from one neuron to another.