Jeffrey Industries Has Inventory Days of 50, Accounts Receivable Days

question 5

Multiple Choice

Jeffrey Industries has inventory days of 50, accounts receivable days of 22, and accounts payable days of 30. What is its cash conversion cycle?

• A)42 days
• B)49 days
• C)57 days
• D)52 days

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Definitions:

High Power Distance

A cultural dimension that reflects the extent to which a society accepts and endorses authority, hierarchical order, and unequal power distribution.

Collectivism

A cultural orientation emphasizing the group over individual wishes or rights, prioritizing community and social cohesion.

Culture Adaptation

The process through which individuals adjust and adapt to new cultural environments, including learning new norms, values, and behaviors.

Offensive Custom

A social or cultural practice that is considered disrespectful or insulting by others.