Mirotronic Co

question 44

Multiple Choice

Mirotronic Co. has an average receivables turnover of 4 times. Sales are $20,000. What is the collection period?

• A) 91.25 days
• B) 90 days
• C) 1.37 days
• D) 21.92 days

Understand how initial deposit amounts impact future savings goals.

Analyze the impact of interest rates on investment outcomes.

Understand the principle of discounted cash flows.

Recognize the impact of time on the value of money.

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