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:

Glucose

Glucose is a simple sugar with the molecular formula C6H12O6, serving as a primary source of energy for most organisms.

Hydrogen Ions

Positively charged ions (H+) that are simply protons and play essential roles in chemical reactions, particularly in determining the acidity or pH of solutions.

Bicarbonate Ions

An ion consisting of hydrogen, carbon, and three oxygen atoms, playing a crucial role in maintaining pH balance in the blood.