The operating eycle is d materials and the dm s us de n (a) collection for finished product the sale of finished peoduct the manufacture of finished peoduct the ordering of finished peoduct 12. The cash conversion cycle, or working capital cycle. is operating cycle less-- a) b) the length of the inventory conversion period the payables deferral period half the length of the receivables collection period the time waiting for arrival of raw materials disbursement float related to paving of accounts payable d) e) The cost of foregoing a cash discount on a credit purchase is a) 13. added on to the price of the goods. deducted from the price of the goods. the implied interest rate paid in order to delay payme number of days. the true purchase price of the goods. b) c) d) 14. A firm has credit terms of 2/8, net 28. What is the net credit a) b) c) 26 d) 20 8. PROBLEMS 1. Pennington's has annual sales of $1.46 million. The cost c sales. The firm has an average accounts receivable balance payable balance of $163,500. How many days on average suppliers? A. 52.40 days 1460 000 x The operating eycle is d materials and the dm s us de n (a) collection for finished product the sale of finished peoduct the manufacture of finished peoduct the ordering of finished peoduct 12. The cash conversion cycle, or working capital cycle. is operating cycle less-- a) b) the length of the inventory conversion period the payables deferral period half the length of the receivables collection period the time waiting for arrival of raw materials disbursement float related to paving of accounts payable d) e) The cost of foregoing a cash discount on a credit purchase is a) 13. added on to the price of the goods. deducted from the price of the goods. the implied interest rate paid in order to delay payme number of days. the true purchase price of the goods. b) c) d) 14. A firm has credit terms of 2/8, net 28. What is the net credit a) b) c) 26 d) 20 8. PROBLEMS 1. Pennington's has annual sales of $1.46 million. The cost c sales. The firm has an average accounts receivable balance payable balance of $163,500. How many days on average suppliers? A. 52.40 days 1460 000 x