Valdez Company Reported Sales of $342,000; Beginning Net Accounts Receivable

question 51

Multiple Choice

Valdez Company reported sales of $342,000; beginning net Accounts Receivable of $89,000 and ending net Accounts Receivable of $111,000. Valdez Company's receivable collection period (rounded to the nearest day) is:

• A)107.
• B)213.
• C)118.
• D)274.

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Definitions:

N-ethyl-1-butanamine

A chemical compound belonging to the aliphatic amines, characterized by an ethyl group attached to the nitrogen atom of 1-butanamine.

Structure

In chemistry, it refers to the arrangement of atoms within a molecule, which determines its physical and chemical properties.

Compound

A compound created when multiple elements are chemically joined in a specific proportion.

Compound

A substance formed when two or more chemical elements are chemically bonded together, differing from mixtures in their chemical uniformity, consistency, and proportion.