Cash flow - unit 3 - business finance

Quiz
•
Business
•
12th Grade
•
Medium

Gaby Lambert
Used 47+ times
FREE Resource
66 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A firm purchased raw materials on account and paid for them within 60 days. The raw materials were used in manufacturing a finished goods sold on account 100 days after the raw materials were purchased. The customer paid for the finished good 30 days later. The firm’s cash conversion cycle is ________ days.
10
70
130
200
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
If a firm purchased goods on credit, the firm would usually pay the bill when?
as soon as possible
before the credit period ends
on the last day of the credit period
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
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