Indicate Whether Each of the Following Statements Is True or False

question 62

Short Answer

Indicate whether each of the following statements is true or false.
_____ a)Other things being equal,an operating cycle of 49 days is more desirable than an operating cycle of 120 days.
_____ b)The operating cycle is longer for a winery than a fast-food restaurant.
_____ c)The length of an operating cycle is not relevant to the profitability of a business.
_____ d)The length of an operating cycle equals the average days to collect accounts receivable.
_____ e)The length of an operating cycle is computed by adding the sum of the average days in inventory and the average number of days to collect accounts receivable.

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Definitions:

Objects

Objects are instances of classes or types in programming, representing data with attributes and methods, or in a broader sense, physical entities that exist in the real world.

Classical Method

A method of assigning probabilities that is appropriate when all the experimental outcomes are equally likely.

Probabilities

The likelihood or chance of an event occurring, typically expressed as a number between 0 and 1, where 0 means the event cannot occur and 1 indicates certainty.

Outcomes

The results obtained from an action, experiment, or event, which can vary based on the conditions and processes involved.