A Firm Has an Average Age of Inventory of 20

question 84

Multiple Choice

A firm has an average age of inventory of 20 days, an average collection period of 30 days, and an average payment period of 60 days. The firm's cash conversion cycle is ________ days.

• A) 70
• B) 50
• C) -10
• D) 110

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Definitions:

Sibling Relationships

The dynamic and interactions between brothers and sisters, which can greatly affect individual development and family dynamics.

Social Adjustment

The process by which individuals adapt their behavior in order to conform to the expectations of their social environment or culture.

Disagreeable Behavior

Actions or conduct that are contrary to harmony or conventional norms, often resulting in conflicts or friction within social interactions.

Word-Processing Program

A software application used for the creation, editing, and formatting of text documents.