Tan Co Had Total Operating Revenues of $720 Over the Past

question 27

Multiple Choice

Tan Co. had total operating revenues of $720 over the past year. During that time, average receivables were $90. What was the average collection period (ACP) given a 365-day year?

• A) 8.00 days.
• B) 4.56 days.
• C) 40.97 days.
• D) 45.63 days.

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Definitions:

Critical Thinking

The goal of systematically reviewing and assessing a problem to make an informed decision.

Scientific Inquiry

The process of systematically investigating natural phenomena through observation, experimentation, and analysis to answer questions and test hypotheses.

Structuralists, Psychoanalysts, And Functionalists

Key perspectives in psychology focusing on the structure of the mind, the role of unconscious processes, and the functions of mental processes respectively.

Definition Of Psychology

The scientific study of the mind and behavior, encompassing various aspects of conscious and unconscious experience as well as thought and emotion.