Calculate the Average Collection Period for Dots Inc

question 72

Multiple Choice

Calculate the average collection period for Dots Inc.if its accounts receivables were $550 at the beginning of a year in which the firm generated $3,000 of sales?

• A) 60 days
• B) 61 days
• C) 67 days
• D) 73 days

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Definitions:

Positive Benefits

favorable or advantageous outcomes resulting from a specific course of action.

Complexity

The state or quality of being intricate or complicated.

Procedurally Complex

Involving or characterized by intricate and detailed processes that require careful navigation and understanding.

Strategically Complex

Describes situations or plans that require careful and detailed consideration and planning due to multiple variables and potential outcomes.