Grave Company Had $150,000 in Sales on Account Last Year

question 55

Multiple Choice

Grave Company had $150,000 in sales on account last year.The beginning accounts receivablebalance was $14,000,and the ending accounts receivable balance was $10,000.The company's average collection period (age of receivables) was closest to which of the following?

• A) 24.33 days.
• B) 29.20 days.
• C) 34.07 days.
• D) 58.40 days.

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Definitions:

Motivational Phase

In the health action process approach, the stage in which a person develops an intention to pursue a health-related goal.

Volitional Phase

The stage of decision-making or behavior that involves conscious choice and willful effort.

Health Belief Model

A psychological model that explains and predicts health behaviors by focusing on the attitudes and beliefs of individuals regarding health issues.

Perceived Barriers

Obstacles that individuals believe exist between themselves and their goals, which can influence behavior and outcomes.