Please Refer to Table 4-1 for the Following Questions

question 8

Multiple Choice

Please refer to Table 4-1 for the following questions.
Table 4-1
Stewart Company
Balance Sheet

-Based on the information in Table 4-1,the average collection period is

• A) 36.50 days.
• B) 32.85 days.
• C) 46.34 days.
• D) 29.85 days.

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Definitions:

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The BSA

Known as the Business Software Alliance, it's a trade group representing the world's largest software makers, focusing on copyright protection and combating software piracy.

Nonprofit Trade Association

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Software Piracy

The illegal copying, distribution, or use of software without the authorization from the copyright holder.