The Number of Days It Takes to Collect the Average

question 41

Multiple Choice

The number of days it takes to collect the average amount of receivables is called the:

• A)receivables turnover ratio.
• B)days' sales in receivables.
• C)current ratio.
• D)collection ratio.

---

Definitions:

Group Control

The exercise of authority or influence by a person or group over the collective behavior in a group setting.

Idiosyncrasy Credits

The tolerance a person earns over time by conforming to group norms, allowing them more freedom to deviate from expectations without negative consequences.

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms, policies, or societal expectations.

Group Norms

Shared expectations and rules that guide the behavior of individuals within a group, influencing their actions and interactions.