The Aging Schedule of a Firm Shows That 40% of the Receivables

question 61

Multiple Choice

The aging schedule of a firm shows that 40% of the receivables are collected in 18 days and the remaining 60% of the receivables are collected in 50 days. The days sales outstanding (DSO) of the firm is _____.

• A) 12.32 days
• B) 12.78 days
• C) 20.34 days
• D) 40.56 days
• E) 37.20 days

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Definitions:

Ineffective Listening

A poor communication practice where the listener fails to fully receive or understand the speaker's message, leading to misunderstandings.

Uninterested

Feeling no interest, concern, or enthusiasm towards a particular topic or matter.

Interrupts

Acts of suddenly breaking the continuous progress of speech or an activity, often leading to disruption or a change in the flow of conversation.