The Operating Cycle of a Business Is Best Defined as Which

question 102

Multiple Choice

The operating cycle of a business is best defined as which of the following?

• A)the period of time for which we prepare our financial statements
• B)the length of time over which our plant and equipment assets are expected to be used by the company in generating revenues
• C)the time it takes for a company to purchase and pay for goods or services from suppliers,sell those goods or services to customers and collect cash from the customers
• D)one year

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Definitions:

Metabolic Rate

The rate at which the body uses energy to maintain basic life functions such as breathing, circulation, and cell production.

Cones

Photoreceptor cells located in the eye's retina play a key role in perceiving colors and are most effective in bright light environments.

Nearsighted

A common vision condition, also known as myopia, where distant objects appear blurry while close objects are seen clearly.

Farsighted

A vision condition, also known as hyperopia, where distant objects are seen more clearly than near objects.