If the Average Collection Period Is 40 Days, What Is

question 129

Multiple Choice

If the average collection period is 40 days, what is the accounts receivable turnover?

• A) 8.3 times
• B) 9.1 times
• C) 4.6 times
• D) None of these answer choices are correct.

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Definitions:

Matrix Structure

An organizational structure that combines two or more types of structures, typically project-based and functional, to leverage the advantages of both.

Functional Structure

An organizational design that groups employees based on their job functions, leading to departments like marketing, finance, and operations.

Organising Function

A management activity that involves arranging resources and tasks to achieve objectives efficiently and effectively.

Management Functions

Fundamental tasks performed by managers, which typically include planning, organizing, leading, and controlling.