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On Average,Furniture & More Is Able to Sell Its Inventory

question 5

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On average,Furniture & More is able to sell its inventory in 27 days.The firm takes 87 days on average to pay for its purchases.On the other hand,its average customer pays with a credit card which allows the firm to collect its receivables in 4 days.Given this information,what is the length of operating cycle?


Definitions:

Rejection of Offer

The refusal to accept a proposal or offer during negotiations.

Actually Received

Pertains to the actual physical possession or direct receipt of an item or information.

Disinterested Parties

Individuals or groups with no personal stake or financial interest in the outcome of a transaction or legal proceeding.

Price List

A document or display that lists the prices of goods or services a company offers for sale.

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