The Table Below Shows Hypothetical Per- Minute Cell Phone Charges

question 37

Multiple Choice

The table below shows hypothetical per- minute cell phone charges for "pay- and- talk" service over several years. $$\begin{array}{l}\begin{array} { | l | l | } \hline 2005 & 0.55 \\\hline 2006 & 0.50 \\\hline 2007 & 0.40 \\\hline 2008 & 0.35 \\\hline 2009 & 0.25 \\\hline\end{array}\\\text { TABLE 2- } 2\end{array}$$
-Refer to Table 2- 2. Assume that 2005 is used as the base year, with the index number = 100. The value of the index number in 2009 is

• A) 0.45
• B) 25.0
• C) 2.5
• D) 45.45
• E) 0.25

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Definitions:

Total Assets

The sum of all current and non-current assets owned by a company, indicating the company's overall value.

Average Collection Periods

The average number of days it takes for a business to receive payments owed by its customers.

Uncollected

Refers to funds or debts that have not been received or recovered by the due date.

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.