SwenCorp Had Sales of $154 Million This Year and an Average

question 12

Multiple Choice

SwenCorp had sales of $154 million this year and an average accounts receivable of $18 million per day.Its credit terms specify "2/14 net 40." On average,how long does it take to collect on its sales?

• A)8.5 days
• B)13 days
• C)28 days
• D)43 days
• E)40 days

---

Definitions:

Corresponds to the Facts

Denotes something that is in agreement with the reality or truth.

Philosophers and Scientists

Individuals engaged in systematic approaches to understanding the world; philosophers explore fundamental questions about existence, knowledge, and ethics, while scientists focus on empirical evidence and testable theories.

Conventions

General agreement about terms and/or practices.

Interpretation

A way of understanding, a view of a set of facts, from a certain perspective.