For the Prince Company,the Average Age of Accounts Receivable Is

question 128

Multiple Choice

For the Prince Company,the average age of accounts receivable is 60 days,the average age of accounts payable is 45 days,and the average age of inventory is 72 days.Assume a 360-day year.If Prince's annual sales are $936,000,what is the firm's average accounts receivable balance?

• A) $104,000
• B) $118,000
• C) $156,000
• D) $212,000
• E) $260,000

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Marketing Research Process

A systematic approach to gathering, recording, and analyzing data about issues related to marketing products or services.

Measurable Research Objectives

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A structured system of collecting, analyzing, and distributing marketing data to make informed business decisions.

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A computer-based system designed to assist in the analysis of data sets to support decision-making processes in organizations.