Calculate the Accounts Receivable Period for a Firm with Annual

question 24

Multiple Choice

Calculate the accounts receivable period for a firm with annual credit sales of $10 million and average accounts receivable of $2 million.

• A)18.25 days
• B)20.00 days
• C)51.00 days
• D)73.00 days

---

Definitions:

Group Consensus

A general agreement reached by a group as a whole, where most members support the decision even if it's not their first choice.

Unanimity

Complete agreement among all members or participants, often used in decision-making processes to ensure consensus.

Lack Of Response

A situation or behavior characterized by no reaction or feedback in response to communication, actions, or stimuli.

Proxemics

The study of how humans use space in communication and how different distances between people affect behavior and social interaction.