Heaton Corp

question 64

Multiple Choice

Heaton Corp.sells on terms that allow customers 45 days to pay for merchandise.Its sales last year were $425,000,and its year-end receivables were $60,000.If its DSO is less than the 45-day credit period,then customers are paying on time.Otherwise,they are paying late.By how much are customers paying early or late? Base your answer on this equation: DSO- Credit period = days early or late,and use a 365-day year when calculating the DSO.A positive answer indicates late payments,while a negative answer indicates early payments.

• A) 6.20
• B) 6.53
• C) 6.86
• D) 7.20
• E) 7.56

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Definitions:

Allometric Growth

Variation in the relative rates of growth for different parts of the body during development.

Macroevolution

Large-scale evolutionary events over long time spans. Macroevolution results in phenotypic changes in populations that are significant enough to warrant their placement in taxonomic groups at the species level and higher. Compare with microevolution.

Adaptive Radiation

The rapid diversification of a single ancestor species into a wide variety of forms with different ecological niches.

Ancestral Species

A species from which two or more species evolved, serving as a common predecessor in the evolutionary tree.