The Following Balance Sheet Information Was Provided by Western Company

question 53

Multiple Choice

The following balance sheet information was provided by Western Company: $$\begin{array} { l r r } \text { Assets } & \text { Year 2 } & \text { Year } 1 \\\text { Cash } & \$ 4,000 & \$ 2,000 \\\text { Accounts receivable } &15,000 & 12,000\\\text { Inventory } & \$ 35,000 & \$ 38,000 \end{array}$$
Assuming Year 2 net credit sales totaled $270,000,what was the company's average days to collect receivables? (Use 365 days in a year.Do not round your intermediate calculations.)

• A) 18.25 days
• B) 47.31 days
• C) 16.22 days
• D) 20.28 days

Understand the distinction between line spectra and continuous spectra.

Relate the energy levels of electrons in atoms to spectral lines.

Understand environmental indicators and historical records of chemical compounds.

Identify distinguishing characteristics of primates among mammals.

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Definitions:

Pleasure Principle

A psychoanalytic concept suggesting that individuals seek pleasure and avoid pain to satisfy their biological and psychological needs.

Psychodynamic Therapy

A form of depth psychology, the primary focus of which is to reveal the unconscious content of a client's psyche in an effort to alleviate psychic tension.

Painful Memories

Recollections of past events or experiences that are emotionally distressing and may cause psychological discomfort.

Self-Actualization

Fulfillment of one’s potential for love, creativity, and meaning.