ABX Corporation Had Sales of $47

question 26

Multiple Choice

ABX corporation had sales of $47.6 million this year and an average accounts receivable of $6.3 million per day.Its credit terms specify "1/10 net 30." On average,how long does it take to collect on its sales?

• A)7.56 days
• B)12.17 days
• C)18.25 days
• D)21.49 days
• E)48.31 days

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Definitions:

Abdomen

The region of the body between the chest and pelvis, containing primarily digestive organs.

Urge Incontinence

A urinary disorder characterized by a sudden, intense urge to urinate, followed by an involuntary loss of urine.

Kegel Exercises

A series of pelvic floor exercises designed to strengthen the muscles of the pelvic floor.

Symptoms

Signs or indications of a disease, condition, or the existence of something, typically related to an abnormal state.