Question: Winery needs two months to make wine, two years to age it, one month to bottle it, two months to sell it, and one month

Winery needs two months to make wine, two years to age it, one month to bottle it, two months to sell it, and one month to collect the receivable. what is the operating cycle?

a. 12 months

b. 30 months

c. 6 months

d. 3 months

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!