How is the cash conversion cycle calculated? a. Average ...

[captainjonesify]

How is the cash conversion cycle calculated?
 
  a. Average collection period + days inventory held + Days payable outstanding.
   b. Average collection period - days inventory held + Days payable outstanding.
   c.Average collection period - days inventory held - Days payable outstanding.
   d.Average collection period + days inventory held - Days payable outstanding.

Question 2

Sharon Wilson has cumulative earnings of 106,900 and earns 5,500 during the current pay period. If the FICA rate is 6.2 for Social Security, with a limit of 113,700, and 1.45 for Medicare, applied to all earnings, the total FICA tax to be withheld for this pay period is:
 a. 341.00
  b. 79.75
  c. 420.75
  d. 520.20

[Kdiggy]

Answer to Question 1

b

Answer to Question 2

C