AFP
CTP · Question #218
(Topic 3) Amalgamated Binding Consolidators takes 20 days to convert its raw materials to finished goods, 5 days to sell it, and 15 days to collect its credit sales. What is the company's days
The correct answer is B. 15 days. See the full explanation below for the reasoning.
Question
- (Topic 3)
Amalgamated Binding Consolidators takes 20 days to convert its raw materials to finished goods, 5 days to sell it, and 15 days to collect its credit sales. What is the company’s days
Options
- A5 days
- B15 days
- C20 days
- D40 days
How the community answered
(35 responses)- A6% (2)
- B77% (27)
- C3% (1)
- D14% (5)
Community Discussion
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