The 2012,2013,and 2014 Partial Balance Sheets for Ottoman Manufacturing Company

question 52

Multiple Choice

The 2012,2013,and 2014 partial balance sheets for Ottoman Manufacturing Company appear below. Net credit sales for Ottoman were $126,000 for 2012,$120,000 for 2013 and $114,000 for 2014 while cost of goods sold was $84,000 for 2012,$82,400 for 2013 and $72,500 for 2014.
What is the average collection period for 2014?

• A)68.6 days
• B)70.5 days
• C)74.9 days
• D)76.8 days

Identify the stages and crises of development as per Erikson's theory.

Recognize the role of parental influence and strategies in a child's autonomy and social development.

Describe the development of self-awareness and its significance in early childhood.

Differentiate between types of compliance and the development of conscience in children.

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Definitions:

Strategic Management

A comprehensive approach to planning, monitoring, analysis, and assessment of all that is necessary for an organization to meet its goals and objectives.

Successful Salesperson

An individual who consistently meets or exceeds sales targets through effective communication, persuasion, and understanding of customer needs.

Sales Success

Achievement of desired sales outcomes, often measured by hitting targets or generating significant revenue.

Strategic Thinking

The process of analyzing critical factors and variables that will influence the long-term success of a business or decision.