Calculate the Average Collection Period for Dotte Inc

question 67

Multiple Choice

Calculate the average collection period for Dotte Inc.if its accounts receivables were $500 and $600 at the end of each of the last two years,and its revenue over the last year was $3,000.

• A) 60 days
• B) 61 days
• C) 67 days
• D) 73 days

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Definitions:

Caviar Among Drugs

A colloquial term likely referring to a highly expensive and sought-after illegal drug, comparing its exclusivity and luxury status to that of caviar in the food world.

Ethnic Group

refers to a community or population made up of people who share a common cultural background or descent, which can include traditions, language, and often a shared ancestry.

Moderate Drinking

The consumption of alcohol within limits considered to be low-risk or without causing harm to health and well-being.

Getting Drunk

The act of consuming alcohol to the extent that it significantly impairs physical and mental functions.