Jolly Roger Kite Company Has a Payment Cycle of 17

question 17

Multiple Choice

Jolly Roger Kite Company has a payment cycle of 17 days,a collection cycle of 31 days,and a production cycle of 12 days.What is the average cash conversion cycle for the Jolly Roger Company?

• A)2 days
• B)36 days
• C)26 days
• D)60 days

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Definitions:

Illegal Conspiracy

An unlawful plan between two or more parties to commit a criminal act or to deceive and defraud others.

Civil Service Reform Act

Legislation aimed at improving the organization, efficiency, and effectiveness of the civil service, often including changes to hiring, promotion, and accountability measures.

Federal Employees

Workers employed by the federal government who may have different labor rights and protections compared to private sector employees, often represented by specific unions.

Right To Strike

The legal entitlement of workers to stop working in order to demand better working conditions, pay, or highlight grievances.