A Retailer with 1,000 Credit Accounts Has 50 with Balances

question 102

Multiple Choice

A retailer with 1,000 credit accounts has 50 with balances that are past due for over 45 days.How many accounts would be listed in the exception report?

• A) 25
• B) 45
• C) 50
• D) The answer cannot be determined based on the information provided.

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Definitions:

Utility

Utility is an economic concept referring to the satisfaction or benefit a consumer receives from consuming a good or service.

Organizational Buyers

Businesses or entities that purchase goods and services for their own use, for production, or for resale to others.

Raw Materials

The basic substances or components that are processed or refined to create finished goods or products.

Manufacturers

Companies or entities that make goods through a process involving raw materials, components, or assemblies, usually on a large scale.