Calculate the Accounts Receivable Period for a Firm with Annual

question 24

Multiple Choice

Calculate the accounts receivable period for a firm with annual credit sales of $10 million and average accounts receivable of $2 million.

• A)18.25 days
• B)20.00 days
• C)51.00 days
• D)73.00 days

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Definitions:

PepsiCo's Distribution Network

The complex system utilized by PepsiCo to distribute its products to various markets worldwide, involving logistics, warehouses, and supply chains.

Ready-To-Drink Coffee

Pre-packaged coffee beverages that are sold in a prepared form, ready for consumption without the need for further preparation.

Strategic Channel Alliance

Describes a partnership between two or more organizations to use each other’s distribution channels to sell their products, enhancing market reach and efficiency.

Marketing Channel

Essential practices or tasks involved in moving ownership of goods from where they are produced to where they are consumed.