A Firm Has an ACP of 38 Days and Its

question 51

Multiple Choice

A firm has an ACP of 38 days and its annual sales are $5.3 million. What is its account receivable balance?

• A) $551,781
• B) $619,304
• C) $692,098
• D) $759,021

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Definitions:

Health

A condition of total well-being encompassing physical, mental, and social aspects, rather than simply the lack of disease or weakness.

Regular Exercise

A routine of physical activity performed consistently for the purpose of maintaining or improving one's health and fitness.

Reduced Cancer Risk

The lowering of the probability of developing cancer, achieved through lifestyle changes, such as diet, exercise, and avoidance of carcinogens.

Cardiovascular Fitness

The ability of the heart, blood cells, and lungs to supply oxygen-rich blood to the working muscle tissues and the ability of these muscles to use oxygen to produce energy for movement.