The operating cycle is typically defined as the time it requires to convertcash to inventory to receivables.raw materials to finished goods.cash to inventory to receivables to cash.finished goods to receivables to cash.

Step 1:Operating cycle is the company's operations length. In this cycle company is having cash…

Answered: The operating cycle is typically…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter4: Internal Control And Cash

Section: Chapter Questions

Problem 11MCQ

See similar textbooks

Similar questions

4. The operating cycle is typically defined as the time it requires to convert a. cash to inventory to receivablesb. raw materials to finished goodsc. finished goods to receivables to cashd. cash to inventory to receivables to cash
The average length of time between the purchase of raw materials and labor and the payment of cash for them is called as: a. Inventory Conversion Period b. Receivable Collection Period c. Average Payment Period d. Accounting Period
The time between the acquisition of inventory and the collection of cash from receivables is called the: Group of answer choices accounts receivable period. cash cycle. operating cycle. inventory period.
When does the cost of inventory become an expense?a. When cash is collected from the customerb. When inventory is delivered to a customerc. When payment is made to the supplierd. When inventory is purchased from the supplier
Under the realization principle, revenue from sale of products is recognized a. At date of delivery to the customers C. When the customers are billed b. When the inventories are readied for shipment D. Upon receipt of cash payment
Dividing cost of goods sold by the average of merchandise inventory is the calculation for the a.accounts receivable turnover. b.merchandise inventory turnover. c.working capital turnover. d.plant and equipment turnover.
. The operating cycle is equal to which one of the following? A. Inventory period plus the accounts payable period B. Accounts receivable period plus the cash cycle C. Inventory period minus the accounts payable period plus the accounts receivable period D. Accounts receivable period plus the inventory period E. Inventory period plus the cash cycle
Revenue Cycle is:Select one:a. None of the aboveb. A recurring set of business activities and related to the process starting from finalizing product design and finishing off at cost accounting.c. A recurring set of business activities and related data processing operations associated with the purchase of and payment for goods and services.d. A recurring set of business activities and related information processing operations associated with providing goods and services to customers and collecting cash in payment for those sales.
The time between the acquisition of inventory and the collection of cash from receivables is which of the following? A- operating cycle B- accounts receivable period C- inventory period D- accounts payable period
Operating expenses are comprised of the following: General and Administrative Expense, Cost of Goods Sold, Marketing and Selling Expense General and Administrative Expense, Interest Expense, Cost of Goods Sold Marketing and Selling Expense, General and Administrative Expense, Finance Costs Marketing and Selling Expense, Other Income
The ending inventories for materials, work in process, and finished goods are reported on the a.balance sheet. b.statement of cash flows. c.cost of production report. d.income statement.
What is the account title used for revenue when goods are delivered to customers?

SEE MORE QUESTIONS

Recommended textbooks for you

Cornerstones of Financial Accounting

Accounting

ISBN:

9781337690881

Author:

Jay Rich, Jeff Jones

Publisher:

Cengage Learning

Auditing: A Risk Based-Approach to Conducting a Q…

Accounting

ISBN:

9781305080577

Author:

Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:

South-Western College Pub

Auditing: A Risk Based-Approach (MindTap Course L…

Accounting

ISBN:

9781337619455

Author:

Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:

Cengage Learning

Cornerstones of Financial Accounting

Accounting

ISBN:

9781337690881

Author:

Jay Rich, Jeff Jones

Publisher:

Cengage Learning

Auditing: A Risk Based-Approach to Conducting a Q…

Accounting

ISBN:

9781305080577

Author:

Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:

South-Western College Pub

Auditing: A Risk Based-Approach (MindTap Course L…

Accounting

ISBN:

9781337619455

Author:

Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:

Cengage Learning

College Accounting, Chapters 1-27 (New in Account…

Accounting

ISBN:

9781305666160

Author:

James A. Heintz, Robert W. Parry

Publisher:

Cengage Learning

Principles of Accounting Volume 1

Accounting

ISBN:

9781947172685

Author:

OpenStax

Publisher:

OpenStax College

SEE MORE TEXTBOOKS

The operating cycle is typically defined as the time it requires to convert cash to inventory to receivables. raw materials to finished goods. cash to inventory to receivables to cash. finished goods to receivables to cash.