Table 22-8 -Refer to Table 22-8.The Table Shows the Preferences of Four

question 20

Multiple Choice

Table 22-8

-Refer to Table 22-8.The table shows the preferences of four types of voters over four possible outcomes: A,B,C,D.In addition,the table shows the percentage of voters of each type.Given pairwise voting in which voters choose first between A and B,then between the winner of the first vote and C,and finally between the winner of the second vote and D,which outcome would win?

• A) A
• B) B
• C) C
• D) D

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Definitions:

Accounts Receivable Balance

The total amount of money owed to a company by its customers for goods or services provided on credit, yet to be paid.

Accounts Receivable Period

The average number of days it takes for a business to collect payments owed by its customers.

Credit Sales

Sales made by a business for which payment is received at a later date, extending credit to the buyer.

Cash Collections

are the payments received by a company from its customers in exchange for goods or services sold on credit.