Which Describes the Variables That Determined the Average Accounts Receivable

question 11

Multiple Choice

Which describes the variables that determined the average accounts receivable balance?

• A)The average accounts receivables balance is determined jointly by the volume of credit sales, and the accounts payable days outstanding.
• B)he average accounts receivables balance is determined jointly by the volume of credit sales, and the days' sales outstanding.
• C)The average sales balance is determined jointly by the volume of credit sales, and the days' sales outstanding.
• D)The average inventory balance is determined jointly by the volume of credit sales and the days' sales outstanding.

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Definitions:

Granite

A coarse-grained igneous rock composed mainly of quartz, feldspar, and mica, commonly used in construction.

Metamorphic Rocks

Rocks that have undergone transformation in their mineral composition or structure due to extreme heat, pressure, or chemically active fluids.

Effervescence

The property of releasing gas bubbles when reacting with a liquid; often observed in minerals and compounds that fizz or bubble when acid is applied.

Magmatism

The process of magma generation, movement, and solidification, which contributes to the formation of igneous rocks.