Use the Following Information for Questions Below
Eugene Enterprise Ltd

question 13

Multiple Choice

Use the following information for questions below
Eugene Enterprise Ltd.revealed the following information for the years ended December 31,2019 and 2020:
$\begin{array}{lrr}&2020&2019\\\hlineCurrent~ Assets&\\Cash&\$ 25,000 & \$ 26,250 \\Accounts ~Receivable&247,500 & 299,000 \\Inventory&1,950,000 & 1,725,000\\Prepaid~ expenses&\underline{4000} &\underline{4000} \\Total~ Current ~Assets&\underline{\$ 2,226,500} & \underline{\$ 2,054,250} \\Current~ Liabilities&\$ 1,400,000 & \$ 1,225,000 \\Net ~Credit~ Sales&\$ 2,400,000 & \$ 2,255,000 \\\end{array}$
Orville Enterprise's credit terms are net 30 days.
-On average Eugene Enterprise has been collecting its accounts receivable

• A)within the 30 days required by its credit terms.
• B)after the 30 days has passed.
• C)within the discount period of 10 days.
• D)More information is needed to answer this question.

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Definitions:

Release-of-Records Form

A document signed by a patient that authorizes the disclosure or sharing of their medical records with specified parties.

Court System

The organizational framework responsible for administering justice in civil, criminal, and administrative matters through courts and legal processes.

SOAP Documentation

A method of documentation used in healthcare to organize patient notes; it stands for Subjective, Objective, Assessment, and Plan.

Medical Information

Data related to a patient's health history, treatments, and current medical condition.