Multiple Choice
If it takes Diamondback Enterprises 90 days to sell inventory,46 days to collect from the sale,and creditors' payment terms are 60 days,the financing period is
A) 196 days.
B) 46 days.
C) 90 days.
D) 76 days.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q149: When a U.S.company does business with a
Q150: Assuming that net cost of purchases was
Q151: The following lettered items represent a classification
Q152: A company would be more likely to
Q153: With the periodic inventory system,cost of goods
Q155: Brendan Company sold merchandise worth $1,600 on
Q156: An American company makes a credit purchase
Q157: Assuming the use of the periodic inventory
Q158: An American company makes a credit sale
Q159: The use of major credit cards does