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:

Soma

In Vedic tradition, Soma is a ritual drink of importance among the early Indians, also referred to a deity associated with this drink.

Palace

A grand residence, especially the home of a head of state or some other high-ranking dignitary, royals, or bishops.

Indus Valley

The Indus Valley refers to the region in South Asia home to the Indus Valley Civilization, one of the world's earliest urban cultures, known for its advanced city planning, architecture, and writing system around 2500 BCE.

Architecture

The art and science of designing and constructing buildings and other physical structures.