Peterboro Supply Has a Current Accounts Receivable Balance of $391,648

question 85

Multiple Choice

Peterboro Supply has a current accounts receivable balance of $391,648.Credit sales for the year just ended were $5,338,411.How long did it take on average for credit customers to pay off their accounts during the past year? Assume a 365-day year.

• A)24.78 days
• B)26.78 days
• C)29.09 days
• D)31.15 days
• E)33.33 days

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Price

The amount of money expected, required, or given in payment for something; it reflects the value that consumers and sellers assign to a product or service.

Aggregate Demand

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Net Exports

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Exchange Rate

The value of one currency for the purpose of conversion to another.