Which of the Following Measures the Number of Days Accounts

question 23

Multiple Choice

Which of the following measures the number of days accounts receivable are held before the firm collects cash from the sale?

• A)Accounts receivable turnover
• B)Average collection period
• C)Average payment period
• D)Accounts payable turnover

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Definitions:

Course of Action

A plan or strategy developed to address a specific situation or accomplish a goal.

Product Decision

The process of selecting, designing, and developing products to meet consumer demand and achieve competitive advantage.

House of Quality

A fundamental part of the Quality Function Deployment process that translates customer requirements, based on marketing research and benchmarking data, into an appropriate number of engineering targets to be met by a new product design.

Service Provider

A company or individual that offers services to others in exchange for payment.