Jen Industries Had Sales of $32 Million This Year and an Average

question 104

Multiple Choice

Jen Industries had sales of $32 million this year and an average accounts receivable of $0.8 million per day. On average, how long does it take to collect on its sales?

• A) 9 days
• B) 11 days
• C) 12 days
• D) 19 days

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Definitions:

Existing Capacity

Current maximum level of output or production that a facility can achieve under normal conditions.

Additional Minute

Additional Minute refers to any extra time accounted for or needed beyond what was initially planned or scheduled, often in context to services or operations.

Most Profitable

Describes a scenario, product, or entity generating the highest profit margin or net income compared to others in a comparative set.

Product A

An arbitrary term that could refer to any first product offered by a company in a given context.