-Refer to the Data for Computech Industries

question 41

Multiple Choice

-Refer to the data for Computech Industries.
Based on this information, what is Computech's number of days' sales in receivables assuming a 360 day year) ?

• A)32.4 days
• B)36.0 days
• C)28.8 days
• D)25.2 days

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Definitions:

Economic Profits

Profits exceeding the total opportunity costs of all resources used in production; also known as abnormal or supernormal profits.

Hired Managers

Individuals employed to direct and control the operations, strategies, and policies of a business or organization.

Marginal Revenue Product

The additional revenue generated from using one more unit of a factor of production.

Different Rents

Variations in rental prices, often influenced by factors such as location, demand, and property features.