Based on the Following Information, Determine the Average Receivables (Rounded

question 24

Multiple Choice

Based on the following information, determine the average receivables (rounded to thousands of dollars) that were outstanding: net sales = $575,000; sale-to-cash conversion period = 57.1 days; purchase-to-payment conversion period = 76.8 days; and cost of goods sold = $380,000.

• A)$90,000
• B)$180,000
• C)$121,000
• D)$45,000

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Definitions:

Brain Regions

Distinct regions in the brain, each with unique functions or roles in managing information processing and behavior control.

Reflective Awareness

The mental process of actively and consciously thinking about one's thoughts, feelings, and actions, often in an effort to understand and control them.

Brain Activation

The increase in blood flow and neural activity in specific regions of the brain in response to various tasks or stimuli.

Wage Increase

An upward adjustment in salary or wages, often given to employees based on performance, inflation, or market standards.