Macrae Products,a Manufacturer of Building Products,buys Raw Gypsum on Credit

question 2

Multiple Choice

Macrae Products,a manufacturer of building products,buys raw gypsum on credit on May 16.It processes this gypsum to make dry plaster powder on May 20 and pays cash for the raw gypsum on May 30.On June 7 it sells the dry plaster powder to a chain of hardware stores,and on June 21 receives cash payment for this sale.What is the length of the cash cycle in this case?

• A)8 days
• B)14 days
• C)22 days
• D)23 days
• E)36 days

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Definitions:

Experience

the process of gaining knowledge or skill from doing, seeing, or feeling things.

Filibustering

A political strategy in which legislators prolong debate in a legislative assembly to delay or prevent a vote on a proposal.

House Republicans

Members of the Republican Party who serve in the United States House of Representatives, participating in national legislative processes.

Legislation

The process of making or enacting laws.