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blagie [28]
2 years ago
11

The following computations were made from Clay Co.'s current-year-end books:Number of days' sales in inventory 61Number of days'

sales in trade accounts receivable 33What was the number of days in Clay's current-year operating cycle?A. 33B. 47C. 61D. 94
Business
1 answer:
adelina 88 [10]2 years ago
5 0

Answer: 94 DAYS

Explanation: The average time it takes for the business to complete the whole process of making initial cash outflow to produce goods and receiving cash from customers by selling those goods produced is called operating cycle of that business.

formula = number of days of inventory + number of days in accounts receivable

therefore,

operating cycle = 61 days + 33 days = 94 days

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happy

feeling pleased and satisfied

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make someone not want or like something

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3 years ago
If Ed=2 and price decreases by 1%, by what percentage and in what direction will quantity demanded change?
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<u>Given:</u>

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The percentage change in quantity demanded is the mathematical product of the percentage change in price and elasticity of demand. This can be mathematically represented as,

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Answer:

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