Suppose That Freddy's Fries Has Annual Sales of $500,000, Cost

question 74

Multiple Choice

Suppose that Freddy's Fries has annual sales of $500,000, cost of goods sold of $375,000, average inventories of $9,000, and average accounts receivable of $25,000. Assuming that all of Freddy's sales are on credit, what will be the firm's operating cycle?

• A) 27.01
• B) 18.25
• C) 8.76
• D) 9.49

Understand the differences between groups and teams.

Recognize the types and functions of different team structures within organizations.

Learn the stages of team development and the leadership role at each stage.

Understand the impact of group dynamics on team effectiveness and performance.

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Definitions:

Marginal Revenue

The profit derived from the sale of an additional item of a product or service.

Cheese

A dairy product made from curdled or cultured milk that comes in various flavors and textures.

Marginal Revenue Curve

A graphical representation that shows how marginal revenue varies as the quantity of the product sold changes.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded, typically downward-sloping, indicating that demand decreases as price increases.