If Crossroads International Has $3,000,000 in Total Sales (75% on Credit)

question 86

Multiple Choice

If Crossroads International has $3,000,000 in total sales (75% on credit) and receivables of $500,000, what is their average collection period?

• A)80 days
• B)60 days
• C)61 days
• D)81 days

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Definitions:

Mathematics Achievement

The level of proficiency and understanding a person has in mathematics, often measured through assessments or tests.

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Students who are in the ninth grade, often the first year of high school in many education systems.

Scores

The numerical expression of an achievement or a performance, often used in games, exams, or competitions.

Frequency Table

A table that displays the frequency of various outcomes in a sample.