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

---

Definitions:

Temporarily Stores

A method or location for holding data or information for a short period of time in a computer or other device, often used to enhance performance or manage resources efficiently.

Supercomputers

Extremely powerful computers with high computational capacity, used for advanced scientific calculations, weather modeling, and complex simulations.

Mainframe Computers

Large, powerful computers used primarily by large organizations for critical applications, bulk data processing, and enterprise resource planning.

Wearable Computers

Electronic devices designed to be worn on the body, such as smartwatches and fitness trackers, offering various functionalities.