If a Firm Has a Receivables Turnover of 12,on Average,which

question 86

Multiple Choice

If a firm has a receivables turnover of 12,on average,which of the following would be the firm's average collection period?

• A)12 months
• B)1 month
• C)8.67
• D)not enough information given

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Definitions:

Stored Crops

Refers to harvested agricultural products that are kept in storage, usually to ensure food supply stability or for selling when market conditions are favorable.

Populist Party

A political party in the United States in the late 19th century that sought to represent the interests of farmers and laborers.

Presidential Election

A national election where citizens vote to elect the president and vice president of the country.

William Jennings Bryan

An American orator and politician from the late 19th and early 20th centuries, known for his advocacy for populism and silver monetary policy.