If It Takes Diamondback Enterprises 90 Days to Sell Inventory,46

question 154

Multiple Choice

If it takes Diamondback Enterprises 90 days to sell inventory,46 days to collect from the sale,and creditors' payment terms are 60 days,the financing period is

• A)196 days.
• B)46 days.
• C)90 days.
• D)76 days.

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Definitions:

Hypotheses

Tentative explanations or predictions that can be tested through research and experimentation.

Theories

Unobservable constructs that are linked together in some logical way.

Observations

The action or process of closely monitoring or noticing something or someone, often to gain information.

Scientific Method

A systematic procedure of observation, measurement, experiment, formulation, testing, and modification of hypotheses.