Natcher Corporation's Accounts Receivable at the End of Year 2

question 37

Multiple Choice

Natcher Corporation's accounts receivable at the end of Year 2 was $126,000 and its accounts receivable at the end of Year 1 was $130,000.The company's inventory at the end of Year 2 was $127,000 and its inventory at the end of Year 1 was $120,000.Sales,all on account,amounted to $1,380,000 in Year 2.Cost of goods sold amounted to $800,000 in Year 2.The company's operating cycle for Year 2 is closest to:

• A) 44.7 days
• B) 17.3 days
• C) 62.8 days
• D) 90.2 days

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Definitions:

Montessori

An educational approach developed by Maria Montessori, emphasizing independence, hands-on learning, and collaborative play in a child-centered environment.

Freedom

The state of being free, usually referring to the absence of constraints in choice or action.

Specific Time

A defined or distinct point or period in the duration of an event or within a sequence of events.

Constructivist

Related to the theory that learners construct knowledge through their experiences and interactions with the world.