SwenCorp Had Sales of $154 Million This Year and an Average

question 93

Multiple Choice

SwenCorp had sales of $154 million this year and an average accounts receivable of $18 million per day. Its credit terms specify '2/14 net 40'. On average, how long does it take to collect on its sales?

• A)8.5 days
• B)13 days
• C)43 days
• D)28 days

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Definitions:

Pathos

An appeal to emotion in rhetoric or creative works, aiming to elicit an emotional response from the audience.

Business Model

A plan or framework a company uses to operate, generate revenues, and make a profit, detailing how it conducts business.

Strategies

Plans of action developed to achieve long-term or overall goals in various contexts, such as business, marketing, or military.

Value

The importance, worth, or usefulness of something, often considered in terms of financial, social, or personal significance to individuals or entities.