Delta PDA Distributors Has an Investment in Accounts Receivable of $2,750,000

question 23

Multiple Choice

Delta PDA Distributors has an investment in accounts receivable of $2,750,000. Daily credit sales are $118,280. Delta's cost of goods sold represent 75% of the sales price. What is the level of accounts receivable?

• A) $2,750,00
• B) $3,666,667
• C) $2,062,500
• D) $1,925,000

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Definitions:

Competitive Substitutes

Products or services that can be used as replacements for another due to similarities in function or utility, creating options for consumers.

Core Benefit Propositions

The fundamental value or advantage that a product or service offers to customers, addressing their needs or solving their problems.

Marketing Mix Elements

Components of a marketing plan which include product, price, place, and promotion, often extended to include people, processes, and physical evidence.

Product Protocols

Guidelines and standards that govern the development, testing, and release of products.