If Your Accounts Receivable Period Is 30 Days,you Will Collect

question 83

Multiple Choice

If your accounts receivable period is 30 days,you will collect payment for your ________ sales during the second quarter of a calendar year.

• A)December,January,and February
• B)January,February,and March
• C)February and March
• D)February,March,and April
• E)March,April and May

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Definitions:

Holding Costs

Expenses related to storing unsold goods or materials, including warehousing, insurance, and deterioration, a component of carrying costs.

Overtime

Additional time worked beyond the standard hours, often compensated at a higher pay rate.

Workforce Expansion

The process of increasing the number of employees within an organization to meet business needs.

LEAN

A systematic approach to minimizing waste within a manufacturing system without sacrificing productivity.