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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Definitions:

Bullying

A form of aggressive behavior in which someone intentionally and repeatedly causes another person injury or discomfort.

Harassment

Unwanted conduct affecting the dignity of men and women in the workplace; it can be related to age, sex, race, disability, religion, sexual orientation, or any other personal characteristic.

Absenteeism

The habitual non-presence of an employee at their job, which can be a sign of dissatisfaction or personal issues.

Burnout

A state of emotional, physical, and mental exhaustion caused by excessive and prolonged stress, often resulting from workplace pressures.