The Carrying Value of a Firm's Account Receivable Is $1,500,000

question 2

Multiple Choice

The carrying value of a firm's account receivable is $1,500,000 and the average collection period is 45 days. The firm's credit sales per day are:

• A) $18,181.82.
• B) $33,333.33.
• C) $1,000,000.00.
• D) $1,500,000.00.
• E) None of these.

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Definitions:

Work Outcomes

The results or outputs generated from the efforts and activities of employees or teams within an organization.

Good Performance

A measure of how well a task is executed or the success level of an endeavor or employee.

Expectancy

The probability that the amount of work effort invested by an individual will result in a high level of performance.

Instrumentality

The probability that good performance will lead to various work outcomes.