Which of the Following Is a Firm's Operating Cycle

question 32

Multiple Choice

Which of the following is a firm's operating cycle?

• A) the average length of time between when a firm originally purchases its inventory and when it receives the cash back from selling its product
• B) the average length of time between when a firm pays cash to purchase its initial inventory and when it receives cash from the sale of the product produced from that inventory
• C) the average length of time between when a firm originally purchases its inventory and when it sells the product produced from that inventory
• D) the average length of time between when a firm originally purchases its inventory and when it pays cash for that inventory

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Definitions:

Specific Date

Referring to a precise day identified by its day, month, and year.

Default

A preselected option adopted by a computer program or other mechanism when no alternative is specified by the user or programmer.

Appointment Status

The current state of a scheduled event, such as confirmed, pending, or canceled.

Appointment

A scheduled arrangement for a meeting or event at a specific time and place, often noted in calendars and scheduling software.