For the Prince Company, the Average Age of Accounts Receivable

question 63

Multiple Choice

For the Prince Company, the average age of accounts receivable is 60 days, the average age of accounts payable is 45 days, and the average age of inventory is 72 days.Assume a 360-day year.If Prince's annual sales are R936,000, what is the firm's average accounts receivable balance?

• A) R104,000
• B) R118,000
• C) R156,000
• D) R212,000
• E) R260,000

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Definitions:

Transgender Employees

Individuals who have a gender identity or gender expression that differs from the sex they were assigned at birth, and who are part of the workforce.

Metacognitive Aspect

The awareness and understanding of one's own thought processes, including the ability to monitor, assess, and adapt strategies for learning and problem-solving.

Cultural Intelligence

The capability to relate and work effectively across cultures.

International Marketing

The practice of promoting products or services across national borders.