Calculate the Accounts Receivable Period for a Firm with Annual

question 108

Multiple Choice

Calculate the accounts receivable period for a firm with annual 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 Accounts receivable period =

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Definitions:

Communication

The exchange of information, thoughts, or messages between individuals or groups, often involving a common system of symbols, signs, or behavior.

Cooperation

The process of working together towards a common goal, often essential for the success of team projects and organizational objectives.

Virtual Teams

Groups of individuals who work together from different geographic locations and rely on communication technology such as email, chat, and video conferencing to collaborate.

Face-to-face Teams

Groups of individuals who collaborate and communicate in person while working towards a common goal.