The cash conversion cycle refers to the:?
A. ?length of time from the payment for the purchase of raw materials to manufacture a product until the collection of accounts receivable associated with the sale of the product.
B. ?average length of time between the purchase of raw materials and labor and the payment of cash for them.
C. ?amount of time a product remains in inventory in various stages of completion.
D. ?time it takes to collect cash following a sale.
E. ?time taken to convert all long-term assets to cash.
Answer: A
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Answer the following statement true (T) or false (F)
Mary, Ann, and Beth are partners. Their capital balances are, $23,000; $41,000; and $30,000, respectively. As per the partnership agreement, Mary receives a profit share of 2/9; Ann has 4/9; and Beth has 3/9. Beth withdraws from the partnership by receiving $23,000. What will be the impact of this transaction on the journal entries?
A) Cash will be debited for $30,000. B) Mary, Capital will be debited for $7000. C) Ann, Capital will be credited for $7000. D) Beth, Capital will be debited for $30,000.
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Indicate whether the statement is true or false
________ is the act of reproducing the behavior of a system using a model that describes the processes of the system
Fill in the blanks with correct word