Which One of the Following Statements Is Correct If a fiRm

question 153

Multiple Choice

Which one of the following statements is correct if a firm has a receivables turnover measure of 10?

• A) It takes a firm 10 days to collect payment from its customers.
• B) It takes a firm 36.5 days to sell its inventory and collect the payment from the sale.
• C) It takes a firm 36.5 days to pay its creditors.
• D) The firm has an average collection period of 36.5 days.
• E) The firm has ten times more in accounts receivable than it does in cash.

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Definitions:

Heritability

An index of the degree to which a characteristic is estimated to be influenced by heredity.

Sexual Orientation

An enduring pattern of emotional, romantic, or sexual attractions to men, women, both sexes, neither sex, or another sex, as well as a person's sense of identity based on those attractions.

Homosexuality

A romantic or sexual attraction to persons of the same sex.

Reported

The act of giving a spoken or written account of something that one has observed, heard, done, or investigated.