Ruby Red Has an Average Collection Period of 31 Days

question 101

Multiple Choice

Ruby Red has an average collection period of 31 days. Its average daily investment in receivables is $74,800. What are annual credit sales?

• A) $727,272
• B) $880,710
• C) $914,414
• D) $1,604,200
• E) $1,707,500

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Definitions:

Y Chromosome

One of the two sex chromosomes of mammals and some other organisms; the Y chromosome determines male gender in humans; normal females are XX, normal males are XY. Compare with X chromosome.

Cystic Fibrosis

A hereditary disorder affecting the exocrine glands, causing the production of abnormally thick mucus, leading to blockage of the pancreatic ducts, intestines, and bronchi and resulting in respiratory and digestive problems.

Heterozygous

A genetic condition where an individual has two different alleles at a particular gene locus, one from each parent.

Mendel's Principle

The foundational principles of genetics discovered by Gregor Mendel, including the laws of segregation and independent assortment.