Afrikana Inc

question 77

Multiple Choice

Afrikana Inc.had a balance in the Accounts Receivable account of $820,000 at the beginning of the year and a balance of $880,000 at the end of the year.Credit sales during the year were $5,920,000.The average collection period of the receivables was

• A)45 days.
• B)52 days.
• C)54 days.
• D)104 days.

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Definitions:

Articles of Confederation

The original constitution of the United States, ratified in 1781, which was replaced by the US Constitution in 1789.

Military Powers

The authorities and capabilities vested in a country's armed forces for defense, conflict resolution, and enforcement of national or international mandates.

Executive

refers to the branch of government responsible for implementing and enforcing laws, typically headed by a president or prime minister.

Unanimous Agreement

A consensus where all parties involved fully agree on a decision or statement without opposition.