The Average Number of Days to Collect Accounts Receivable Is

question 139

Multiple Choice

The average number of days to collect accounts receivable is computed by dividing:

• A)Accounts Receivable by net income.
• B)365 by the accounts receivable turnover ratio.
• C)Accounts Receivable by 365.
• D)Sales divided by Accounts Receivable.

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Definitions:

Korsakoff's Syndrome

A chronic memory disorder caused by severe deficiency of thiamine (vitamin B1), most commonly associated with prolonged alcoholism.

Chronic Alcoholism

A severe form of alcohol dependency characterized by prolonged excessive drinking, leading to significant physical, social, and mental health issues.

Vitamin Deficiency

A condition resulting from a lack of necessary vitamins in the diet, which can lead to various health problems.

Retrograde Amnesia

A loss of memory-access to events that occurred, or information that was learned, before an injury or the onset of a disease.