The Difference Between a Firm's Operating Cycle and Its Cash

question 27

Multiple Choice

The difference between a firm's operating cycle and its cash cycle is:

• A)its account receivable days.
• B)its accounts payable days.
• C)its inventory days.
• D)how inventory is calculated.
• E)how sales are calculated.

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Definitions:

Theft

The act of taking someone else's property without permission with the intent to keep it permanently.

Goods

Physical items that are produced, bought, or sold, typically in the context of commerce.

Fraudulent Appropriation

The illegal act of taking something that belongs to someone else for one's own use, under false pretenses or through deceit.

Receiving Stolen Goods

The crime of knowingly possessing, purchasing, or accepting property that has been unlawfully obtained.