Given an Accounts Receivable Turnover of 10 and Annual Credit

question 110

Multiple Choice

Given an accounts receivable turnover of 10 and annual credit sales of $900,000,the average collection period is

• A) 18.25 days.
• B) 36.50 days.
• C) 90 days.
• D) 40.56 days.

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Definitions:

Cynical Listener

An individual who tends to doubt or question the sincerity and motives behind what is being communicated to them.

Team Leader

An individual who guides, directs, and motivates a group of people towards achieving a common goal.

Fellow Team Members

Individuals who are part of the same workgroup or project team, collaborating towards common goals.

Memo

A written message, usually in a formal style, used within an organization to communicate information, directives, or policies.