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Exam IIA-CIA-Part3 topic 2 question 27 discussion

Actual exam question from IIA's IIA-CIA-Part3
Question #: 27
Topic #: 2
[All IIA-CIA-Part3 Questions]

An organization requires an average of 58 days to convert raw materials into finished products to sell. An average of 42 additional days is required to collect receivables. If the organization takes an average of 10 days to pay for the raw materials, how long is its total cash conversion cycle?

  • A. 26 days.
  • B. 90 days.
  • C. 100 days.
  • D. 110 days.
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Suggested Answer: D 🗳️
by SAA1 at Feb. 19, 2021, 6:07 p.m.

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KonradK
11 months, 4 weeks ago
Selected Answer: B
It's B!!!
upvoted 2 times
...
ciacandidate
1 year, 6 months ago
90 days. 110 days is inaccurate
upvoted 2 times
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LCK
3 years, 7 months ago
90, also why no explanation
upvoted 4 times
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Chamak
3 years, 9 months ago
The correct answer is 90 day. 58 +24 -10
upvoted 2 times
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MarkWang
3 years, 11 months ago
The answer is B
upvoted 2 times
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lily0987
3 years, 12 months ago
i get 90 too. to pay is negative so we deduct.
upvoted 2 times
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SAA1
4 years ago
how is 110days answer arrived? Pls explain. My answer is 90 days (as per formula)
upvoted 3 times
...
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