Which One of the Following Statements Is Correct If a Firm

question 73

Multiple Choice

Which one of the following statements is correct if a firm has a receivables turnover measure of 10?

• A) It takes a firm 10 days to collect payment from its customers.
• B) It takes a firm 36.5 days to sell its inventory and collect the payment from the sale.
• C) It takes a firm 36.5 days to pay its creditors.
• D) The firm has an average collection period of 36.5 days.
• E) The firm has ten times more in accounts receivable than it does in cash.

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Definitions:

Selection Process Strategies

Approaches and methodologies used by organizations to identify, evaluate, and hire the best candidates for job positions.

Predictor Scores

Numerical or categorial scores used to forecast future performance or outcomes based on data analysis or statistical methods.

Written Tests

Assessment tools consisting of questions or tasks on paper or a digital platform, designed to evaluate knowledge or skills.

Adverse Impact

Unintentional discrimination that affects a protected group disproportionately within a workplace or through employment practices.