The Operating Cycle Commences When

question 21

Multiple Choice

The operating cycle commences when:

• A)inventory is purchased
• B)a sale is made
• C)a receivable is created
• D)payment is made for inventory purchased on credit
• E)an accounts payable is paid

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Definitions:

Capacitance

The ability of a system to store an electric charge, quantitatively measured in farads (F).

Hz

Hertz, a unit of frequency equivalent to one cycle per second.

RC Parallel Circuit

A circuit consisting of a resistor (R) and a capacitor (C) connected in parallel with each other across a voltage source.

Resistor Voltage

The voltage across a resistor, determined by the current flowing through it and its resistance value.