If the Collection Period of a Company Is 31 Days

question 45

Multiple Choice

If the collection period of a company is 31 days, and the average receivables is $70,060, what is the total amount of the credit sales?

• A)$824,900
• B)$83,126
• C)$2,260
• D)$2,171,860

---

Definitions:

Heavily Cratered

Having a large number of craters, typically referring to a planetary surface impacted by meteorites or asteroids.

Higher Elevations

Elevated areas on the Earth's surface, often characterized by cooler temperatures and different ecological conditions compared to lower regions.

Icy Chunks

Large pieces of frozen water or ice, often found in polar regions or as parts of glaciers or icebergs.

Rings Of Saturn

The system of planetary rings surrounding Saturn, made up of ice particles, rocks, and dust.