A firm has an operating cycle of 120 days, an average collection period of 40 days, and an average payment period of 30 days. The firm's average age of inventory is ________ days

Trading securities are securities bought and held primarily for sale in the near term to generate income on short-term price differences

a. true b. false

The Herald Tribune Inc. has a project that costs $400,000. It has a 30% chance of a $1,000,000 payoff and a 70% chance of a $200,000 payoff. What is the expected payoff and the expected profit or loss from the new project?

A) The expected payoff is $1,000,000, and the expected loss is $200,000. B) The expected payoff is $440,000, and the expected profit is $10,000. C) The expected payoff is $400,000, and the expected loss is $40,000. D) The expected payoff is $440,000, and the expected profit is $40,000.