A Firm Has an Operating Cycle of 120 Days, an Average

question 166

Multiple Choice

A firm has an operating cycle of 120 days, an average collection period of 40 days, and an average payment period of 30 days. The firm's average age of inventory is ________ days.

• A) 80
• B) 50
• C) 90
• D) 70

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Definitions:

Lower-Class

A social class often characterized by low socioeconomic status and limited access to resources.

Marital Rape

Non-consensual sex imposed by a spouse, legally recognized as a form of rape in many jurisdictions.

Child Sexual Abuse

The involvement of a child in sexual activity that he or she does not fully comprehend or to which the child is unable to give informed consent.

Risk Factors

are characteristics or conditions that increase the likelihood of developing a disease or injury.