During 2013,Columbia Inc

question 12

Multiple Choice

During 2013,Columbia Inc.had beginning accounts receivable of $680,000 and ending accounts receivable of $760,000.Its net sales of $4,500,000 are composed of 20% cash sales and 80% credit sales.Based on this information,what is Columbia's average collection period?

• A)58.4 days
• B)292.0 days
• C)73.0 days
• D)5.0 days
• E)None of the answer choices is correct.

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Definitions:

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The methods and approaches used by employers to attract and hire candidates for positions within their organization.

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A structured program where more experienced individuals provide guidance, knowledge, and support to less experienced individuals within a professional context.

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The ongoing process of managing one's work experience, learning, and training to progress in a chosen career path.