If a Small Company Has Average Daily Sales of $5,000

question 18

Multiple Choice

If a small company has average daily sales of $5,000 and accounts receivable of $150,000, what is the average days of accounts receivable?

• A)30 days
• B)3.3 days
• C)$5,000/month
• D)33.3 days

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Definitions:

Continuance Commitment

Commitment based on the costs that would be incurred in leaving an organization or a lack of suitable job alternatives.

Pension Fund

A pool of funds accumulated to pay employees' retirement benefits, contributed by employers, employees, or both.

Employment Time

The duration or period a person is engaged in work or holds a job.

Organizational Commitment

The psychological attachment and loyalty an employee feels towards their organization, often reflecting in higher motivation and lower turnover.