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

question 5

Multiple Choice

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?

• A)31 days
• B)38 days
• C)45 days
• D)56 days
• E)62 days

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Definitions:

Permissive/neglectful

A parenting style characterized by a lack of discipline and attentiveness, often leading to lack of control and poor self-regulation in children.

Permissive/indulgent

A parenting style characterized by low demands with high responsiveness, where parents are lenient and communicate openly with their children.

Families

are groups of individuals related by blood, marriage, or other forms of commitment, sharing living arrangements, and economic and emotional ties.

Support Families

Efforts or services provided to assist families, enhancing their well-being and helping them to meet various needs.