A Company with Net Sales of $800,000, a Beginning Balance

question 75

Multiple Choice

A company with net sales of $800,000, a beginning balance of net receivables of $70,000, and an ending balance of net receivables of $90,000 has a collection period (rounded) of:

• A)110 days.
• B)41 days.
• C)36 days.
• D)32 days.

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Definitions:

Chromosomal Damage

Structural or numerical alterations in chromosomes that can lead to various genetic disorders or diseases.

Carriers of PKU

are individuals who possess one defective gene for phenylketonuria (PKU) from one parent, potentially passing the condition to their offspring, but typically do not exhibit symptoms themselves.

Disorder Development

Disorder development relates to the progression or emergence of psychological, physical, or developmental conditions that interrupt normal functioning.

Multifactorial Problems

Problems that stem from the interaction of heredity and environmental factors.