Use the Following Information for Questions:
Blue Sea Corporation's Books

question 28

Multiple Choice

Use the following information for questions:
Blue Sea Corporation's books revealed the following for 2011 and 2010: $$\begin{array} { l c r } & 2011 & 2010 \\\text { Cash } & 27,750 & \$ 21,250 \\\text { Accounts receivable }& 42,000 & 37,500 \\\text { Inventory } & 72,250 & 61,600 \\\text { Other prepaid assets } & 12,500 & 12,500 \\\text { Accounts payable } & 41,250 & 38,000 \\\text { Other current payables } & 13,000 & 15,000 \\\text { Sharehol ders' equity }& 100,250 & 79,850 \\\text { Sales } & 525,000 & 450,750 \\\text { Cost of sales }& 300,000 & 240,750 \\\text { Operating expenses } & 70,000 & 65,000 \\\text { Net income } & 155,000 & 145,000\end{array}$$
-The number of days to collect the average receivable in 2011 was closest to:

• A)28 days
• B)29 days
• C)30 days
• D)31 days

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Definitions:

Leadership Traits

Characteristics or qualities associated with effective leaders, such as integrity, confidence, communication skills, and the ability to inspire others.

Northouse's Leadership Traits

Specific characteristics identified by Peter Northouse that contribute to effective leadership, including intelligence, determination, integrity, and sociability.

Surgency

Typically characterizes individuals with personality traits such as assertiveness, energy, and enthusiasm.

Agreeableness

A personality trait characterized by warmth, kindness, and a cooperative attitude, important in social and professional interactions.