Burnside's Has Accounts Receivable of $42,600,inventory of $97,200,sales of $614,200,and

question 39

Multiple Choice

Burnside's has accounts receivable of $42,600,inventory of $97,200,sales of $614,200,and cost of goods sold of $298,400.How long does it take the firm to sell its inventory and collect payment on the sale?

• A)107.14 days
• B)136.06 days
• C)127.78 days
• D)144.21 days
• E)115.52 days

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Definitions:

Marginal Utility

The extra pleasure a customer receives from consuming an additional unit of a product or service.

Total Utility

The total satisfaction received by consuming a particular amount of goods or services.

Utility

The total satisfaction received from consuming a good or service.

Total Utility

The total satisfaction received from consuming a certain quantity of goods or services.