Your Company Has an Average Collection Period of 40 Days

question 87

Multiple Choice

Your company has an average collection period of 40 days and accounts receivables of $315,000.What are the company's annual sales?

• A) $12,600,000
• B) $1,754,808
• C) $2,874,375
• D) $315,000

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Definitions:

Avoidant Style of Attachment

A type of attachment characterized by a reluctance to depend on others or allow others to depend on oneself.

Problem-focused Strategy

An approach to overcoming challenges and stress by directly addressing and managing the problems causing them.

Emotion-focused Strategy

Coping mechanisms aimed at managing and reducing the intensity of unpleasant emotions rather than addressing the source of the problem.

Avoidance Strategy

A coping mechanism in which an individual seeks to prevent or evade a perceived threat or undesirable outcome.