Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN: 9781285595047
Author: Weil
Publisher: Cengage
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Felix Manufacturing, a producer of electronic components, purchases semiconductor materials on credit on March 5. It processes these materials to make circuit boards on March 12 and pays cash for the semiconductor materials on March 20. On April 8, it sells the circuit boards to an electronics retailer, and on April 25, it receives a cash payment for this sale. What is the length of the cash cycle in this case?
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