Summer Fashions Had a Balance in the Accounts Receivable Account

question 66

Multiple Choice

Summer Fashions had a balance in the Accounts Receivable account of $660,000 at the beginning of the year and a balance of $720,000 at the end of the year.Net credit sales during the year were $5,350,000.The average collection period of the receivables was

• A)45 days.
• B)47 days.
• C)49 days.
• D)93 days.

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Definitions:

Psychological Identification

The process by which an individual assimilates aspects, properties, or attributes of another person, incorporating them into their own self-concept.

Self-Image

An individual's conception, expression, or mental model of themselves, which can influence their behavior and social interactions.

Social Job Resources

Elements of a job that involve social support, coaching, and feedback from colleagues and superiors, contributing to job satisfaction and performance.

Job Crafting

Refers to the act of customizing one's job to better fit personal skills, interests, and preferences.