Calculation of a Firm's Average Collection Period Is the Same

question 145

Multiple Choice

Calculation of a firm's average collection period is the same as calculating the:

• A)accounts receivable cycle
• B)inventory cycle
• C)accounts payable cycle
• D)short-term operating cycle

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Definitions:

Incomes

The money received, especially on a regular basis, for work or through investments.

PPACA

The Patient Protection and Affordable Care Act, a federal statute aimed at reducing the cost of health care and expanding health insurance coverage to the uninsured in the United States.

Alternative

A choice or option available in a situation, often considered in the context of different outcomes or solutions.

Standard of Living

A measure of the wealth, comfort, material goods, and necessities available to an individual, group, or nation.