Qwik Stop Has Accounts Receivable of $4,830, Inventory of $9,083

question 20

Multiple Choice

Qwik Stop has accounts receivable of $4,830, inventory of $9,083, sales of $38,600, and cost of goods sold of $21,400. How many days does it take the firm to both sell their inventory and collect
The payment on the sale?

• A) 186 days
• B) 193 days
• C) 201 days
• D) 214 days
• E) 217 days

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Definitions:

Parasympathetic Division

A division of the autonomic nervous system responsible for stimulating rest-and-digest or feed-and-breed activities in the body.

Terminal Ganglia

Clusters of neurons located near or within the organs they innervate, primarily involved in the autonomic nervous system.

Autonomic Nervous System

A division of the peripheral nervous system responsible for regulating involuntary body functions like heartbeat, blood flow, breathing, and digestion.

Effectors

Cells, tissues, or organs that perform a response or action as a result of neural or hormonal stimulation, notably muscles contracting and glands secreting.