A firm has an average age of inventory of 20 days, an average collection period of 30 days, and an average payment period of 60 days. The firm's cash conversion cycle is ________ days.

A) 70
B) 50
C) -10
D) 110


C) -10

Business

You might also like to view...

Conceptual equivalence is a type of ________ equivalence

A) construct B) operational C) scalar D) linguistic

Business

The concept of present value is that an amount of cash to be received at some date in the future is the equivalent of the same amount of cash held at an earlier date

Indicate whether the statement is true or false

Business

A systematic inaccuracy in a statistic in measuring what it is intended to measure is considered…

a. bias b. variability c. variance d. skew

Business

ERP vendors sometimes train an organization's employees, called Super Users, to become in-house ERP trainers in training sessions called ________.

A. top-down training B. sprints C. train the trainer D. employ the employer E. on-the-job training

Business