For the Year Just Ended, James' Drafting Supplies Had Average

question 75

Multiple Choice

For the year just ended, James' Drafting Supplies had average accounts receivable of $880,000 and total credit sales of $4,800,000. Throughout the year, a factor purchased accounts receivable
From the firm at a 2% discount. What was the firm's days in receivables?

• A) 61 days
• B) 65 days
• C) 67 days
• D) 71 days
• E) 74 days

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Definitions:

Training Methods

Various techniques and programs designed to enhance employees' skills and knowledge for their professional development.

Needs Assessment

A systematic process for determining and addressing gaps between current conditions and desired conditions, often used in the context of organizational training and development.

Behaviour Modelling

An approach that demonstrates desired behaviour and gives trainees the chance to practise and role-play those behaviours and receive feedback.

Real-life Employee Problems

Issues faced by employees in their day-to-day work life, including interpersonal conflicts, workload challenges, and balancing personal responsibilities.