CatchaTan Co

question 379

Multiple Choice

CatchaTan Co. of British Columbia had net sales of $800,000 over the past year. During that time, average receivables were $200,001. What was the average collection period?

• A) 4 days
• B) 5 days
• C) 36 days
• D) 48 days
• E) 91 days

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Definitions:

Agency Support

The assistance or resources provided by organizations or agencies to support the goals, needs, or activities of individuals or communities.

Value Orientation

The principles and beliefs that influence an individual's or organization's behavior and decision-making.

Decision-making Style

An individual's or group's habitual approach to making choices, often characterized by specific preferences, strategies, and biases.

Interaction Patterns

Recurrent dynamics and behaviors observed within interpersonal interactions or between groups.