General accounting If a firm has a cash cycle of 28 days and anoperating cycle of 86 days, what is its averagepayment period?a) 58b) 114c) 28d) 86

Step 1: Define Average Payment periodThe average payment period is the number of days it takes a…

Answered: If a firm has a cash cycle of 28 days…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter15: Capital Investment Analysis

Section: Chapter Questions

Problem 3SEQ: The expected period of time that will elapse between the date of a capital investment and...

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If a firm has a cash cycle of 28 days and an operating cycle of 86 days, what is its average payment period? a) 58 b) 114 c) 28 d) 86