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:

Selective Perception

How individuals filter and interpret media messages, focusing on what aligns with their desires and overlooking conflicting views.

Perceptual Distortion

A cognitive error caused by biases, prejudices, or external factors, affecting how one perceives reality.

Mentally Challenged

A respectful term referring to individuals with limitations in cognitive functioning and other mental processes.

Information Attention

The process by which individuals focus on and process specific pieces of information from the environment, ignoring others.