The Oldest Known Fossils Are from About ______ Years Ago

question 31

Multiple Choice

The oldest known fossils are from about ______ years ago.

• A) 3.5 billion
• B) 6,000
• C) 4.0 million
• D) 1.0 billion

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Definitions:

Lockbox System

A service provided by banks to companies for the receipt of payment from customers, where payments are sent to a special post office box rather than to the company.

Treasury Bills

Short-term government securities issued at a discount from their face value, with maturities ranging from a few days to 52 weeks.

Collection Time

The average duration it takes for a company to collect payments owed by its customers, often measured in days.

Average Daily Receipts

The average amount of money a business receives on a day-to-day basis over a specified period.