The Average Collection Period for Receivables Is Computed by Dividing

question 71

Multiple Choice

The average collection period for receivables 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:

Electronic Impulses

Electrical signals used in the transmission or processing of data in various technologies and devices.

Forge's Indorsement

Fabricating or illegally replicating someone's endorsement or signature, often with fraudulent intent. This key-term seems incorrect; assuming it refers to "Forged Endorsement."

Recover

To obtain restitution or compensation for loss or injury through legal proceedings.

Pays The Check

The act of making payment by writing and signing a check that is then converted into a specific amount of money and transferred to the indicated payee.