A Firm Has Average Accounts Receivable of $85,000,and,on Average,takes 50

question 44

Multiple Choice

A firm has average accounts receivable of $85,000,and,on average,takes 50 days to collect on its sales.What is the total amount of the firm's sales?

• A)$98,500
• B)$620,500
• C)$26.8 million
• D)$78 million
• E)$31 million

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Definitions:

Early Retirements

Programs or options that allow employees to retire before the traditional retirement age, often as an incentive or part of workforce management strategies.

Pre-Retirement Employees

Employees who are nearing the end of their working life or career, often considering or planning for retirement.

Career Plateau

A stage in a career where the likelihood of, or opportunity for, further vertical career progression is very low.

Higher Level

Higher Level typically refers to advanced stages or degrees of complexity, often pertaining to more sophisticated understanding, skills, or positions in a particular domain.