[Each Transaction Takes Place at the End of the Business

question 321

Multiple Choice

[Each transaction takes place at the end of the business day.] How many days are in the accounts receivable period?

• A) 46 days
• B) 57 days
• C) 61 days
• D) 72 days
• E) 118 days

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Definitions:

NaOH

Sodium hydroxide, a strong base used in many industrial and chemical processes.

Oxygen

A chemical element with the symbol O and atomic number 8; it is a highly reactive nonmetal and an oxidizing agent that readily forms oxides with most elements as well as with other compounds.

Electron Orbitals

Regions in an atom where there is a high probability of finding electrons, with each orbital having a distinctive shape and energy level.

Covalent Compound

A chemical compound formed by the sharing of pairs of electrons between atoms.