If the Accounting Period Is One Year with Credit Sales

question 33

Multiple Choice

If the accounting period is one year with credit sales totaling $2,500,000 and accounts receivable totaling $200,000, the average collection period ratio is ________.

• A)29.2 days
• B)365 days
• C)119.3 days
• D)Cannot be determined from the information provided

Identify significant historical figures and their contributions to Operations Management.

Discern the critical decisions and elements involved in Operations Management.

Differentiate between goods and services in the context of Operations Management.

Acknowledge the current trends and developments in Operations Management.

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Definitions:

Negotiation Approach

Strategies and tactics used to arrive at a mutual agreement between parties with differing interests.

Conflict Management Style

Refers to the specific approach or methodology an individual uses to handle disputes and disagreements in interpersonal or group settings.

Expertise

A high level of knowledge or skill in a particular field or domain, often acquired through experience or education.

Facts

Information that is objectively verifiable and based on evidence.