Granger Company Had $180,000 in Sales on Account Last Year

question 35

Multiple Choice

Granger Company had $180,000 in sales on account last year.The beginning accounts receivablebalance was $10,000,and the ending accounts receivable balance was $18,000.The company's average collection period (age of receivables) was closest to which of the following? Do not round intermediate calculations.

• A) 20.28 days.
• B) 28.39 days.
• C) 36.50 days.
• D) 56.78 days.

Identify key project management skills and communication strategies.

Understand the initial steps and components involved in developing a risk management plan.

Know the importance of performance specifications for project deliverables.

Identify the truths and misconceptions regarding project staffing.

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Definitions:

Gastroesophageal Reflux

A digestive disorder where stomach acid or bile irritates the food pipe lining, often referred to as GERD.

Gastric Acid

The digestive fluid produced by the stomach, primarily composed of hydrochloric acid, which helps in food digestion.

Esophagus

The muscular tube that conveys food and liquids from the mouth to the stomach.

Anaphylactic Shock

A severe, often fatal form of shock characterized by smooth muscle contraction and capillary dilation initiated by cytotropic (IgE class) antibodies.