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:

Fourth Amendment

Part of the United States Constitution that protects individuals against unreasonable searches and seizures by the government, requiring warrants to be judicially sanctioned and supported by probable cause.

Fifth Amendment

A provision in the U.S. Constitution that protects against self-incrimination, ensures due process, and prohibits double jeopardy and eminent domain without just compensation.

Sixth Amendment

An amendment to the U.S. Constitution guaranteeing rights to a fair trial for criminal defendants, including the right to a speedy trial, an impartial jury, and legal counsel.

Federal Organizational Corporate Sentencing Guidelines

Regulations that determine the punishment for corporations convicted of federal crimes in the United States, aiming to ensure appropriate penalties and incentivize legal compliance.