A Retailer Has a Collection Period of 37 Days

question 68

Multiple Choice

A retailer has a collection period of 37 days.Its net sales equal $1,000,000.Its accounts receivable equals ________.

• A) $27,027
• B) $36,000
• C) $101,370
• D) The answer cannot be determined from the information provided.

---

Definitions:

Multimodal Therapeutic Relationship

An approach to therapy that integrates multiple therapeutic methods and considers various aspects of a client's life for effective treatment.

Positive Regard

A therapeutic concept that involves treating clients with acceptance, empathy, and respect without judgment.

Personality Change

Alterations in an individual's behavioral patterns, attitudes, or emotional response typically due to specific experiences or various influences.

Therapeutic Relationship

The professional and interpersonal relationship between a therapist and client, crucial for effective therapy.