Carla's Fashions Has an Average Collection Period of 30 Days

question 107

Multiple Choice

Carla's Fashions has an average collection period of 30 days.You could infer that Carla's Fashions:

• A)bills her customers semi-monthly.
• B)bills her customers quarterly.
• C)has an accounts receivable turnover of approximately 12.
• D)Both A and C can be inferred.

---

Definitions:

Protected Speech

Forms of expression shielded from government regulation or censorship under certain legal frameworks, particularly within the context of the First Amendment in the United States.

United States Supreme Court

The highest court in the United States, which has the ultimate authority in interpreting the Constitution and federal law.

First Amendment

A provision of the United States Constitution that protects freedoms concerning religion, expression, assembly, and the right to petition.

Commission

A fee or percentage of a transaction value paid to an agent or broker for facilitating sales, services, or other transactions.