The Conversion of Current Assets from Inventory to Receivables to Cash

question 314

Multiple Choice

The conversion of current assets from inventory to receivables to cash provides the ________ of cash used to pay the current liabilities, which represents a(n) ________ of cash.

• A) outflow; inflow
• B) use; source
• C) source; use
• D) inflow; outflow

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Definitions:

Strengths And Weaknesses

Attributes or aspects of an individual's personality, skills, or abilities that are considered positive (strengths) or negative (weaknesses).

Human Resource Planning

The process of forecasting an organization's future human resource needs and developing strategies for fulfilling those needs, balancing organizational demands with available workforce supply.

Supply And Demand

Fundamental economic model describing how the availability of a product (supply) and the desire for that product (demand) determine its price.

Employees

Individuals who are hired by an organization to perform specific duties in exchange for compensation.