If Creditors' Payment Terms Are 60 Days,financing Period Is 20

question 30

Multiple Choice

If creditors' payment terms are 60 days,financing period is 20 days,and it takes 30 days to collect the amount from customers.What time does it take to sell the inventory?

• A)60 days.
• B)20 days.
• C)30 days.
• D)50 days.

---

Definitions:

Birth of Christ

is a religious and historical event commemorated by Christians as the nativity of Jesus, traditionally celebrated on December 25th as Christmas.

Malthusian Trap

A situation where population growth outpaces agricultural production, leading to famine, disease, and war.

Poor

Refers to the state of having insufficient financial resources or wealth.

Food

Nutritive material consumed by living organisms to sustain life and growth.