The Holiday Corporation Had Sales of $450 Million This Year

question 106

Multiple Choice

The Holiday Corporation had sales of $450 million this year.Its accounts receivable balance averaged $30 million.How long,on average,does it take the firm to collect on its sales?

• A)15.0 days
• B)24.3 days
• C)12.2 days
• D)16.7 days
• E)19.2 days

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Definitions:

Extended Outward

Stretched or spread out from the central point or core, often describing the physical expansion of objects, limbs, or structures.

Patient's Chart

A comprehensive medical record containing a patient’s personal identification, medical history, treatment notes, and other health information.

Document Management

The use of a computer system and software to store, manage, and track electronic documents and electronic images of paper-based information.

Patient Photos

Images or photographs taken of patients for medical records, diagnosis, or treatment planning.