The Days-To-Collect Measure Is Calculated As

question 104

Multiple Choice

The days-to-collect measure is calculated as:

• A) the number of days an average selling and collecting cycle takes.
• B) the average number of times the firm completes the selling and collecting cycle during the year.
• C) the average number of days for a customer's payment to clear the banking system.
• D) the average number of days before the company receives a customer's payment and uses the cash to re-order

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Definitions:

Defense Mechanism

A means used by the ego to defend against anxiety and to maintain self-esteem.

Metaphor

A figure of speech in which a word or phrase is applied to an object or action to which it is not literally applicable, suggesting a similarity.

Devil

A supernatural entity, often regarded as the chief antagonist of good in various religions and mythologies.

Id

The part of the mind in psychoanalytic theory responsible for instinctual impulses and demands for immediate satisfaction.