Which of the Following Is True for the June Solstice

question 40

Multiple Choice

Which of the following is true for the June Solstice?

• A) The subsolar point is at the equator.
• B) The Arctic Circle is completely within the circle of illumination.
• C) The Antarctic Circle is completely within the circle of illumination.
• D) The subsolar point is at the Tropic of Capricorn (23.5°

---

Definitions:

Credit Sales

Sales of goods or services that are paid for later, rather than at the time of purchase, building a receivable account on the seller's balance sheet.

Receivables

Amounts due from customers to a company for goods delivered or services rendered, awaiting payment.

Inventory Turnover

A ratio showing how many times a company has sold and replaced inventory over a certain period of time, indicating the efficiency of inventory management.

Financing Costs

Expenses associated with raising capital through debt or equity.