MC Enterprises Estimates That It Takes, on Average, Seven Days

question 29

Multiple Choice

MC Enterprises estimates that it takes, on average, seven days for their customers' payments to reach them, two days for the payments to be processed and deposited by their bookkeeping department, and three more days for the checks to clear once they're deposited. What is their collection float?

• A) 12 days
• B) 10 days
• C) 9 days
• D) 7 days

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Definitions:

Belongingness

The human emotional need to be an accepted member of a group, whether it is friends, family, or co-workers, which is crucial for social development and mental health.

Conditioning Principles

The processes of learning associations through classical and operant conditioning, influencing behavior.

Physiological Functioning

The operations and processes of the body's systems, including the cardiovascular, respiratory, digestive, and neurological systems.

Incongruent Self-Concept

A state where an individual's perceived self doesn't align with their ideal self or reality, causing internal conflict and distress.