The difference between a firm's operating cycle and its cash cycle is ________
A) its account receivable days
B) its accounts payable days
C) its inventory days
D) There is no difference between the cash and operating cycles.
Answer: B
Business
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Which types of stores are characterized by specialty goods for which customers need assistance and higher operating costs that are passed along to customers as higher prices?
A) self-service stores B) convenience stores C) full-service stores D) discount stores E) off-price stores
Business
The implied foreign interest rate computed using spot and forward exchange rates may be lower than the actual foreign interest rate if the foreign country has a high ________
A) default risk B) inflation risk C) depreciation risk D) none of the above
Business