The Average Collection Period for Accounts Receivable Is Computed by Dividing

question 71

Multiple Choice

The average collection period for accounts receivable is computed by dividing 365 days by

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

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Definitions:

Employee Attitudes

The feelings, beliefs, and values that employees hold towards their work, workplace, and colleagues.

Motivation

The reason or reasons one has for acting or behaving in a particular way; an internal process that activates, guides, and maintains behavior over time.

Lifecycle

refers to the series of stages that an entity, product, or project goes through from its initiation or creation to its termination or conclusion.

Ascendency

The process or state of gaining control, authority, or dominant influence over others or a situation.