In Some States, License Plates Use a Mixture of Letters

question 102

Short Answer

In some states, license plates use a mixture of letters and numerals. How many possible plates could be constructed using three letters followed by three numerals?

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Definitions:

Payables Period

The average amount of time it takes for a business to pay off its owed liabilities to suppliers or creditors.

Cash Cycle

It describes the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.

Inventory Period

The amount of time it takes for a company to sell through its current stock of inventory.

Accounts Receivable Period

The average number of days that it takes a company to collect payments after a sale has been made, a critical component of managing cash flow.