The Financial Statements of the Belfry Manufacturing Company Reports Net

question 120

Multiple Choice

The financial statements of the Belfry Manufacturing Company reports net sales of $600,000 and accounts receivable of $80,000 and $40,000 at the beginning of the year and end of year, respectively. What is the average collection period for accounts receivable in days?

• A)24.3 times
• B)73.0 times
• C)36.5 times
• D)48.7 times

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Definitions:

Laissez-faire Cultural Pluralism

A policy or attitude that allows diverse cultures within a society to retain their unique cultural identities with minimal interference or governance.

Ethnic Tourist Attractions

Destinations that offer cultural, historical, or recreational experiences representative of specific ethnic groups.

Culturally Sensitive City Planning

An approach in urban planning that takes into account the cultural, historical, and social contexts of the community, aiming to create spaces that are inclusive and respectful of diverse populations.

Positive Social Change

The process of developing constructive societal transformations that improve community and global well-being.