Based on the Following Data for the Current Year, What

question 142

Multiple Choice

Based on the following data for the current year, what is the number of days' sales in receivables
$\begin{array}{lr}\text { Sales on account during year } & \$ 584,000 \\\text { Cost of goods sold during year } & 300,000 \\\text { Accounts receivable, beginining of year } & 45,000 \\\text { Accounts receivable, end of year } & 35,000 \\\text { Inventory, beginning of year } & 90,000 \\\text { Inventory, end of year } & 110,000\end{array}$

• A) 7.3
• B) 2.5
• C) 14.6
• D) 25

Appreciate the critical role of feedback and response in evaluating the effectiveness of communication.

Distinguish between the different promotional strategies and their appropriate application in various contexts.

Acknowledge the challenges and barriers to effective communication in marketing, including cultural and linguistic differences.

Understand the importance of pretesting messages to ensure proper decoding by the target audience.

---

Definitions:

Birthrates

The number of live births per thousand of the population in a given period, used as an indicator of population growth.

Present Value

The current value of a future sum of money or stream of cash flows, given a specified rate of return.

Market Rate

The prevailing price or interest rate at which goods, services, or securities are traded in a free market.

Interest

The charge for borrowing money or the return on investment in savings accounts or bonds, typically expressed as a percentage.