A Retailer Buys and Sells on 30 Days CR and from the Date

question 57

Multiple Choice

A retailer buys and sells on 30 days CR and from the date of purchase it takes, on average, 14 days to sell inventory. What is the correct order for the steps in this retailer's operating cycle?
I Sell goods to customer
II Collect cash payment from customer
III Pay supplier
IV Purchase goods for resale from supplier

• A) IV, III, II, I
• B) I, II, III, IV
• C) I, IV, II, III
• D) IV, I, III, II

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Definitions:

Job Responsibilities

Refers to the specific duties, tasks, and functions that an employee is expected to perform in their role.

Masculine Traits

Characteristics traditionally associated with men, such as assertiveness, competitiveness, and physical strength.

Achievement-Oriented

A personal or organizational focus on setting challenging goals and working persistently to achieve them, often involving high standards of excellence.

High Levels of Assertiveness

A behavioral characteristic marked by the confidence and forcefulness in expressing opinions and needs.