Perform the Multiplication on the 12-Hour Clock

question 28

Multiple Choice

Perform the multiplication on the 12-hour clock.
6 × (12 × 3)

• A)11
• B)12
• C)9
• D)10

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Definitions:

Sales

The cumulative amount of money made by a business from selling its goods or services.

Average Collection Period

The average collection period is the average amount of time it takes for a business to receive payments owed by its customers for sales made on credit.

Accounts Receivable

Money owed to a business by its customers for goods or services delivered but not yet paid for.

Sales on Account

Transactions where goods or services are delivered with payment to be made at a later date, typically recorded as accounts receivable.