A Firm Has a Cash Conversion Cycle of 80 Days

question 205

Multiple Choice

A firm has a cash conversion cycle of 80 days, an average collection period of 25 days, and an average age of inventory of 70 days. Its operating cycle is ________ days.

• A) 95
• B) 105
• C) 60
• D) 130

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Definitions:

Semantic Memories

Refers to a type of long-term memory involving the capacity to recall words, concepts, and facts without related to personal experience.

Episodic Memories

Memories of specific events or episodes, including the contexts and emotions associated with them.

Procedural Memory

A type of long-term memory that involves the recall of how to perform tasks or skills.

Implicit Memory

A type of long-term memory that enables us to perform tasks without conscious awareness of these previous experiences.