The Average Collection Period for Receivables Is Calculated by Dividing

question 40

Multiple Choice

The average collection period for receivables is calculated by dividing 365 days by

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

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Fast-Food Business

A type of restaurant that serves quickly prepared food in a minimal service environment, focusing on convenience.

Marketing Initiatives

Actions or strategies developed by businesses to promote and sell their products or services.

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