Credit Sales = $175,000 COGS = $125,000

question 157

Multiple Choice

Credit Sales = $175,000 COGS = $125,000
How many days are in the receivables period?

• A) 43 days
• B) 45 days
• C) 47 days
• D) 61 days
• E) 64 days

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Definitions:

Profit Margins

The percentage of revenue remaining after deducting the cost of goods sold, symbolizing the financial health and profitability of a business.

Welfare Facilities

Denotes amenities and services provided by employers to improve the well-being and working conditions of employees.

Structural Changes

Alterations in an organization's internal organization, such as its design, hierarchy, or allocation of resources.

Technological Advantages

The superior benefits that an organization or society gains from the adoption and integration of new and advanced technologies.