Your Firm Has an Average Collection Period of 36

question 39

Multiple Choice

Your firm has an average collection period of 36.5 days. Sales revenues are $30,000. What is your firm's average investment in accounts receivables?

• A) $3,650
• B) $3,000
• C) $1,000
• D) $ 822
• E) $ 444

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Definitions:

Marketing Strategies

Comprehensive plans designed to achieve marketing goals, such as increasing brand awareness and sales, by targeting specific audiences and employing various marketing tools and channels.

Foreign Markets

Markets outside a company's home country where it operates or sells its products and services.

Global Market Segmentation

The process of grouping of customers across national markets based on criteria such as level of economic development, cultural characteristics, language, buying patterns, and regulatory environment.

Middle-Class Customers

Consumers belonging to the middle socioeconomic bracket, typically characterized by average income levels, who may drive demand in certain markets.