A Firm Had Sales of $32 Million,and,on Average,takes 41 Days

question 72

Multiple Choice

A firm had sales of $32 million,and,on average,takes 41 days to collect on its sales.What is the average daily amount of the firm's accounts receivable?

• A)$3.6 million
• B)$0.8 million
• C)$2.4 million
• D)$16 million
• E)$1.6 million

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Definitions:

Domestic Servants

Individuals employed within a household to perform various household tasks and services.

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The supply and demand dynamics for labor, where employers seek to hire workers and workers look for employment.

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The national government of a country, responsible for governing the entire nation and making decisions on federal matters.