Jones and Co

question 104

Multiple Choice

Jones and Co.,reported average receivables of $550,000 in its most recent annual report.If total credit sales were $3,000,000 what was Jones and Co.'s average collection period? (Use 365 days in a year.)

• A) 67 days
• B) 29 days
• C) 82 days
• D) 21 days

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Definitions:

Weight Restoration

The process of gaining back weight lost due to an illness or eating disorder, aiming to return to a healthy weight for recovery.

Anorexics

Individuals suffering from anorexia nervosa, an eating disorder characterized by an obsessive fear of gaining weight and severely restricted food intake.

Cognitive Behavioral Treatment

A psychotherapeutic approach that helps individuals understand and change their thoughts and behaviors to improve mental health.

Bulimia

An eating disorder characterized by periodic bingeing and purging, the latter usually taking the form of self-induced vomiting or laxative abuse.