On Average,your Firm Sells $38,700 of Items on Credit Each

question 23

Multiple Choice

On average,your firm sells $38,700 of items on credit each day.The firm's average operating cycle is 49 days and it acquires and sells inventory,on average,every 17 days.What is the average accounts receivable balance?

• A)$657,900
• B)$848,000
• C)$1,238,400
• D)$1,315,500
• E)$1,896,300

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Definitions:

Industrial Unionism

A labor union organizing method where all workers in the same industry are unified into a single union, regardless of their specific trades or professions.

Social Unionism

A form of unionism focused on broader societal issues beyond workplace concerns, including social justice, environmental sustainability, and community welfare.

Tripartite Peak-level Negotiations

Strategic discussions involving three primary parties - typically government, employers, and labor unions - on key national labor policies and agreements.

Economic Development Strategy

A plan or policy implemented by government or business organizations aimed at fostering economic growth, reducing poverty, and improving quality of life.