The Length of the Operating Cycle Equals the Days' Sales

question 11

Multiple Choice

The length of the operating cycle equals the days' sales uncollected plus the

• A)days' payable.
• B)days' inventory on hand.
• C)receivable turnover.
• D)payables turnover.

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Definitions:

Conformity

The tendency to align one's beliefs, behaviors, or attitudes with those of a group or societal norms, often as a means of gaining approval or belonging.

Self-direction

The ability or tendency of an individual to guide, control, and regulate their own behavior and decisions towards achieving personal goals or satisfaction.

Formative Period

A critical phase of development or growth where foundational attributes, principles, or systems are established and shaped.

Character

The set of moral and ethical traits and behaviors that are considered desirable in a person, often forming the basis of individual integrity.