CornProducts Corp

question 12

Multiple Choice

CornProducts Corp. ended the year 2013 with an average collection period of 40 days. The firm's credit sales for 2011 were $9 million. What is the approximate year-end 2013 balance in accounts receivable for Corn Products?

• A)$225,000
• B)$986,300
• C)$4,444,400
• D)$360,000,000

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Definitions:

Notoriety

The state of being known for some unfavorable act or quality.

Qualitative Sociologists

Researchers in the field of sociology who focus on detailed, descriptive studies of social phenomena, often employing methods such as ethnography, interviews, or content analysis.

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The systematic investigation of the natural world based on observation, experimentation, and evidence to answer questions and test hypotheses.

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