StJohn's Inc

question 25

Multiple Choice

St.John's Inc.reported accounts receivable on January 1, 2013, of $500,000 and on December 31, 2013, of $550,000.Sales for the year were $4,000,000.What is their average collection period of accounts receivable for the year?

• A)42 days
• B)45 days
• C)48 days
• D)50 days

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Definitions:

Big Data

Refers to extremely large data sets that may be analyzed computationally to reveal patterns, trends, and associations, especially relating to human behavior and interactions.

Veracity

The reliability of the data generated.

Wide Data

A data set that has so many variables that simultaneous consideration of all variables is infeasible.

Sampling Distribution

A distribution indicating the probabilities of a statistic, which is calculated from a random sample.