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

Identify the internal and external factors influencing buying decisions.

Learn how product information is internalized and influences the buying decision.

Understand the difference between product features, advantages, and benefits.

Learn effective strategies for handling objections in sales.

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Definitions:

Pattern

A recognizable arrangement or sequence in data, objects, or actions, often repeating in a predictable manner.

Closure

The psychological process of seeking a sense of completeness or resolution to a matter that leaves one with uncertainty, often related to relationships, tasks, or understanding.

Figures

Numerical data presented in graphical or tabular form.

Size Constancy

A perceptual phenomenon where the perceived size of an object remains constant despite changes in the size of its retinal image due to changes in distance.