BeckerCom Has an Inventory Turnover Ratio of 52, an Accounts

question 21

Multiple Choice

Becker.com has an inventory turnover ratio of 52, an accounts receivable balance of $365,000, average daily credit sales of $36,500, accounts payable of $182,500 and cost of goods sold of $7,993,500. What is Becker's operating cycle to the nearest day?

• A) 17 days
• B) 61 days
• C) 27 days
• D) -27 days

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Definitions:

Goal Acceptance

The process in which individuals agree with and commit to achieving a specified goal, recognizing its value and relevance to their tasks or personal aspirations.

Short-Term Goals

Objectives intended to be achieved in the near future, typically within a timeframe of one year or less.

Performance Goals

Objectives set to measure the effectiveness and efficiency of an individual's or organization's work output.

Behavioral Goals

Set objectives focusing on specific and observable actions individuals aim to perform or modify.