Calculate the Accounts Receivable Period for a Firm with an Annual

question 97

Multiple Choice

Calculate the accounts receivable period for a firm with an 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

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Definitions:

Prescription

An authorized instruction from a medical practitioner that allows a patient to be provided medicine or treatment.

MAO Inhibitor

A type of antidepressant drug that works by inhibiting the action of the enzyme monoamine oxidase in the brain, affecting mood and emotional responses.

Severity

The degree of intensity or seriousness of a particular disease, condition, or situation, often influencing the approach to treatment or management.

Symptoms

Observable signs or experiences reported by an individual, indicating a disease, disorder, or condition.