CCC

(noun)

The Civilian Conservation Corps (CCC) was a public work relief program that operated from 1933 to 1942 in the United States for unemployed, unmarried men from relief families, ages 17–23. A part of the New Deal of President Franklin D. Roosevelt, it provided unskilled manual labor jobs related to the conservation and development of natural resources in rural lands owned by federal, state and local governments.

Related Terms

Examples of CCC in the following topics:

  • Defining the Cash Flow Cycle

    • Cash flow cycle also is called "cash conversion cycle" (CCC).
    • In management accounting, the CCC measures how long a firm will be deprived of cash if it increases its investment in resources in order to expand customer sales.
    • However, shortening the CCC creates its own risks: while a firm could even achieve a negative CCC by collecting from customers before paying suppliers, a policy of strict collections and lax payments is not always sustainable.
    • However, the CCC cannot be directly observed in cash flows, because these are also influenced by investment and financing activities; it must be derived from statement of financial position or balance sheet data associated with the firm's operations.
    • The CCC must be calculated by tracing a change in cash through its effect upon receivables, inventory, payables, and finally back to cash, thus, the term cash conversion cycle, and the observation that these four accounts "articulate" with one another.

  • Examples

    • $A = \left( \begin{array}{ccc} 1 & 2 & 3 \\ 4 & 5 & 6 \end{array} \right)$
    • $\left( \begin{array}{ccc} 1 & 2 & 3 \\ 0 & 1 & 2 \end{array} \right)$
    • $\left( \begin{array}{ccc} 1 & 0 & -1 \\ 0 & 1 & 2 \end{array} \right)$
    • $D = \left( \begin{array}{ccc} 1 & 1 & 1 \\ 1 & 0 & 2 \end{array} \right)$
    • $\left( \begin{array}{ccc} 1 & 0& 2 \\ 0& 1 & -1 \end{array} \right)$

  • Matrices

    • $A^T = \left[ \begin{array}{ccc} 2 & 3 & 1\\ 5 & 8 & 0 \end{array} \right].$
    • $A = \left[ \begin{array}{ccc} 1 & 2 & 3 \\ -3 & -2 & -1 \end{array} \right]$
    • $B = \left[ \begin{array}{ccc} 0 & 6 & 2 \\ 1 & 1 & 1 \end{array} \right]$
    • $A+B = \left[ \begin{array}{ccc} 1 & 8 & 5 \\ -2 & -1 & 0 \end{array} \right].$
    • $A = \left[ \begin{array}{ccc} 1 & 2 & 3 \\ -3 & -2 & -1 \end{array} \right]$

  • Calculating the Cash Flow Cycle

    • The cash flow cycle is also called cash conversion cycle (CCC).
    • CCC=# days between disbursing cash and collecting cash in connection with undertaking a discrete unit of operations.

  • Chapter Questions

    • You had purchased bonds from a country with a CCC credit rating.

  • Agricultural Initiatives and Recovery

    • Civilian Conservation Corps (CCC, 1933): A public works program that provided jobs for young, unmarried, unemployed men.
    • Department of Agriculture, Forest Service, Civilian Conservation Corps (CCC) Planting Crew, author unknown, 1939.
    • Original caption: "CCC planting crew planting 2-0 red pine in furrows using Michigan planting bars."

  • A few examples

    • $\left[ \begin{array}{ccc} -2 & 1& 0 \\ 1 &-2& 1 \\ 0 &1& -2 \end{array} \right] \left[ \begin{array}{c} a \\ b \\ c \end{array} \right] = \left[ \begin{array}{c} 0 \\ 0 \\ 0 \end{array} \right]$
    • $\left[ \begin{array}{cc} 1 & -1 \\ 0 & 0 \end{array} \right] \mbox{ and } \left[ \begin{array}{ccc} 0 & 0 & 0\\ 0 & 0 & 0 \end{array} \right]$
    • $A = \left[ \begin{array}{ccc} 1 & 1 & 0 \\ 0 & 0 & 1 \\ 0 & 0 & -1 \end{array} \right]$

  • Answers to Chapter 20 Questions

    • Average basis points for the CCC grade are 450.

  • Naming Octaves

    • The octave below contra can be labelled CCC or Co; higher octaves can be labelled with higher numbers or more lines.

  • Relief Measures

    • The most popular of all New Deal agencies – and Roosevelt's favorite – was the Civilian Conservation Corps (CCC), which hired 250,000 unemployed young men to work on rural local projects.