Your Company Has an Average Collection Period of 40 Days

question 92

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:

Collectivist Cultures

Societies or groups where individuals prioritize the goals, norms, and values of the group over personal interests or desires.

Native American

Indigenous peoples of the Americas including First Nations, Inuit, and Métis communities.

African American

An ethnic group in the United States with heritage from the black racial groups of Africa.

Infantilization

The act of treating someone as if they are a child, disregarding their actual age or maturity level, often resulting in a reduction of their autonomy and independence.