CornProducts Corp

question 108

Multiple Choice

CornProducts Corp. ended the year 2018 with an average collection period of 40 days. The firm's credit sales for 2011 were $9 million. What is the approximate year-end 2013 balance in accounts receivable for Corn Products?

• A)$225,000
• B)$986,300
• C)$4,444,400
• D)$360,000,000

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Definitions:

Brain Cells

Cells located in the brain, including neurons and glial cells, responsible for processing and transmitting information.

Vitamin B-1

Also known as Thiamine, it is an essential nutrient that helps the body convert carbohydrates into energy and supports nerve function.

Prefrontal Cortex

The front part of the frontal lobes of the brain, involved in decision making, problem-solving, control of purposeful behaviors, consciousness, and emotions.

Korsakoff's Syndrome

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