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:

Aided Recall

A market research technique where respondents are prompted with specific cues or aids to help them remember certain information or brands.

Starch Test

A chemical method used to detect the presence of starch in a substance, typically involving iodine solution, which turns blue-black in the presence of starch.

Prompted Response Test

A research method used to evaluate the effectiveness of advertising or marketing material, where participants are prompted with specific cues to recall and respond to the information.

Charitable Contributions

Financial or material donations given to non-profit organizations or causes for which the donor does not receive any direct financial benefit.