The Average Collection Period for Receivables Is Computed by Dividing

question 122

Multiple Choice

The average collection period for receivables is computed by dividing 365 days by

• A) net credit sales.
• B) average accounts receivable.
• C) ending accounts receivable.
• D) accounts receivable turnover ratio.

---

Definitions:

Withdrawal Symptoms

Physical or psychological symptoms that follow the abrupt cessation of a drug on which a person is dependent.

Alcoholism

A chronic disease characterized by uncontrolled drinking and preoccupation with alcohol, despite negative health, social, and legal consequences.

Disease

A condition of the body or part of it in which functions are disturbed or arranged.

Genetics

The science of heredity and variation in living organisms.