If the Average Collection Period Is 45 Days, What Is

question 93

Multiple Choice

If the average collection period is 45 days, what is the receivables turnover?

• A)8.1 times
• B)12.0 times
• C)18.0 times
• D)20.0 times

---

Definitions:

Possessory Nuisance

A situation where an individual's use of or claim to property interferes with another person's enjoyment or use of their own property.

Estate In Fee Simple

The greatest form of property ownership, where the owner has unrestricted rights to the property and can dispose of it as they wish.

Life Estate

An estate in land in which the right to possession is based upon a person’s lifetime.

Life Estate

A legal right to use and derive benefit from property for the duration of one's life, after which control reverts to another party.