If a Firm Has $400,000 in Credit Sales and $80,000

question 70

Multiple Choice

If a firm has $400,000 in credit sales and $80,000 in average accounts receivable, average days collections is approximately

• A) 11.
• B) 8.
• C) 182.
• D) 73.

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Definitions:

Animalistic Drives

Fundamental, instinctual forces that motivate behavior, often related to survival and reproduction.

Psychoanalytic Theories

A set of theories originating from Sigmund Freud that emphasize unconscious motivations and conflicts as driving human behavior and psychological development.

Human Behaviour

Refers to the range of actions and mannerisms exhibited by humans in conjunction with their environment, influenced by culture, attitudes, emotions, values, ethics, authority, rapport, hypnosis, persuasion, coercion, and/or genetics.

Unconscious Conflicts

Deep-seated tensions and struggles within a person that they are not fully aware of but that influence their emotions and behavior.