Kantorovich Company Normally Takes 30 Days to Pay for Its

question 17

Multiple Choice

Kantorovich Company normally takes 30 days to pay for its average daily credit purchases of $2,000. It has average daily sales of $3,000, and collects accounts in 25 days. What is its net credit position?

• A) $15,000
• B) $1,000
• C) ($1,000)
• D) ($15,000)

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Definitions:

Pragmatics

The aspect of language concerned with the use of language in different contexts and the conventions that govern its use in communication.

Contributions

Refers to the act of giving or adding to a larger whole, often used in contexts involving collaborative efforts or individual offerings to collective projects or fields.

Exchange

The act of giving one thing and receiving another, especially of a similar value, in return.

Grammar Rules

Guidelines governing the structure of language, including syntax, morphology, and sentence construction.