Answer:
The correct answer is D
Explanation:
Cash conversion cycle is defined as the number of days from the purchase date of inventory to the cash inflows from the customers.
The formula for computing the cash conversion cycle is as:
Cash conversion cycle = Days sales outstanding (DSO) + Days inventory outstanding (DIO) - Days Payable Outstanding (DPO)
where
DSO is 36.5
DPO is 24.8
DIO is 59.1
So,putting the values above:
Cash conversion cycle = 36.5 + 59.1 - 24.8
Cash conversion cycle = 95.6 - 24.8
Cash conversion cycle = 70.8 days
Answer: 59 days
Explanation: As we know that,
![Average\:collection\:period=\frac{365\:days}{Debtor\:turnover\:ratio}](https://tex.z-dn.net/?f=Average%5C%3Acollection%5C%3Aperiod%3D%5Cfrac%7B365%5C%3Adays%7D%7BDebtor%5C%3Aturnover%5C%3Aratio%7D)
And,
![Debtor\:turnover\:ratio= \frac{net\:credit\:sales}{average\:debtors}](https://tex.z-dn.net/?f=Debtor%5C%3Aturnover%5C%3Aratio%3D%20%5Cfrac%7Bnet%5C%3Acredit%5C%3Asales%7D%7Baverage%5C%3Adebtors%7D)
where,
![average\:debtors\:=\frac{470,000+630,000}{2}](https://tex.z-dn.net/?f=average%5C%3Adebtors%5C%3A%3D%5Cfrac%7B470%2C000%2B630%2C000%7D%7B2%7D)
= $550,000
so,
![Debtor\:turnover\:ratio= \frac{3,400,000}{550,000}](https://tex.z-dn.net/?f=Debtor%5C%3Aturnover%5C%3Aratio%3D%20%5Cfrac%7B3%2C400%2C000%7D%7B550%2C000%7D)
=6.19
Now, putting the values into first formula we have :-
![Average\:collection\:period=\frac{365\:days}{6.19}](https://tex.z-dn.net/?f=Average%5C%3Acollection%5C%3Aperiod%3D%5Cfrac%7B365%5C%3Adays%7D%7B6.19%7D)
= 59 days
the answer is b message me if it is wrong
The "invisible hand" works to promote general well-being in the economy primarily through people's pursuit of self-interest. therefore, Option A is the correct statement.
<h3>How does the Invisible Hand work?</h3>
The invisible hand is a part of laissez-faire, which means the "let do/permit go," method in the marketplace. In different words, the method holds that the marketplace will discover equilibrium without authorities or different interventions forcing it into unnatural patterns.
The complete information about the question is given below:
a. people's pursuit of self-interest.
b. the political process.
c. government intervention.
d. altruism.
therefore, The "invisible hand" works to promote general well-being in the economy primarily through people's pursuit of self-interest. Option A is the correct statement.
Learn more about "invisible hand":
brainly.com/question/1056081
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Answer:
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