Syed's Industries Has Accounts Receivable of $700,inventory of $1,200,sales of $4,200,and

question 2

Multiple Choice

Syed's Industries has accounts receivable of $700,inventory of $1,200,sales of $4,200,and cost of goods sold of $3,500. How long does it take Syed's to both sell its inventory and then collect the payment on the sale?

• A) 110 days
• B) 131 days
• C) 145 days
• D) 186 days
• E) 210 days

Recognize the importance of credit scores and their impact on borrowing.

Understand different types of credit and their legal frameworks.

Understand the process and importance of credit dispute under consumer protection laws.

Appreciate the advantages and disadvantages of consumer credit.

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Definitions:

Co-optation

A process by which individuals or groups are unconsciously or willingly absorbed into the structures or policies of an organization.

Selectively Withhold

The strategic act of holding back or not disclosing certain information, reserving it for particular audiences or situations.

Contact Metamorphism

Occurs when rocks undergo transformation due to high temperatures and pressures from nearby magma bodies, without melting.

Desert Varnish

A dark coating found on exposed rock surfaces in arid environments, composed of fine particles of clay, manganese, and iron oxides.