A Company Has an Average Collection Period of 52 Days

question 50

Multiple Choice

A company has an average collection period of 52 days and accounts receivables of $250,000.What are the company's annual sales?

• A) $2,234,756
• B) $1,754,808
• C) $1,543,823
• D) $250,000

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Definitions:

Microelectrode Techniques

Methods involving the use of small electrodes to measure the electrical activity of cells.

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Segments of DNA located on chromosomes that encode for the synthesis of proteins, influencing traits and characteristics.

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The process of generating new neurons in the brain, contributing to brain plasticity and function.

Plasticity

The brain's ability to change and adapt as a result of experience by reorganizing itself and forming new neural connections throughout life.