Queen Co'S Balance in Accounts Receivable Is $240,000

question 117

Multiple Choice

Queen Co.'s balance in accounts receivable is $240,000. Annual credit sales are $2,880,000. Queen's average collection period is

• A) 12 days.
• B) 30.4 days.
• C) 2.5 days.
• D) There is not enough information.

---

Definitions:

Product Benefits

The positive outcomes or advantages that a consumer receives from using a product.

Conceptual Skill

The ability to understand complex ideas and conceptualize how they can be applied to solve real-world problems.

Strategic Thinking

The process of planning for the future by analyzing current situations, predicting outcomes, and devising plans to achieve long-term objectives.

Selling Tools

Various methods, techniques, software, and materials used by salespeople to enhance the buying process and increase sales.