If the Collection Period of a Company Is 30 Days,and

question 48

Multiple Choice

If the collection period of a company is 30 days,and the average receivables are $80,000 what is the total amount of the credit sales? (Round all calculations to the nearest dollar.)

• A)$2,667
• B)$10,950
• C)$941,935
• D)$973,455

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Definitions:

Provincial Human Rights Laws

Regulations specific to a province that protect individuals against discrimination and promote equality.

Independent Boards

Governing bodies made up of members who do not have a conflict of interest with the organization, ensuring unbiased decision-making.

Federal Tribunal

A high-level court in a federal system responsible for interpreting federal laws and regulations, often with jurisdiction over disputes between states or between a state and the federal government.

Pay Equity Legislation

Laws designed to eliminate wage disparity between workers performing jobs of equal value, regardless of gender or other discriminatory factors.