Atlasta Limo Corp

question 185

Multiple Choice

Atlasta Limo Corp. has an average collection period of 36.5 days. Sales are $300,001. What is the average investment in receivables?

• A) $4,441
• B) $8,219
• C) $10,000
• D) $30,000
• E) $36,500

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Definitions:

Ketose

A type of monosaccharide (simple sugar) where the carbonyl group is a ketone, found in several biochemical pathways.

Aldose

A type of carbohydrate that contains an aldehyde group as its carbonyl functional group.

Glycosides

Compounds formed from a sugar and another compound by replacement of a hydroxyl group in the sugar by another group.

Methyl Glycoside

Glycosides formed by the reaction of a sugar with methanol, where the glycosidic bond is between the sugar and the methyl group.