Which One of the Following Statements Is Correct If a Firm

question 69

Multiple Choice

Which one of the following statements is correct if a firm has an accounts receivable turnover measure of 10?

• A)It takes the firm 36.5 days to pay its creditors.
• B)It takes the firm 36.5 days to sell its inventory and collect payment from the sale.
• C)It take the firm 36.5 days to collect payment for a sale.
• D)The firm has ten times more in accounts receivable than it does in cash.
• E)It takes an average of ten days to collect payment from the firm's customers.

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Definitions:

Stress Reduction

Strategies or practices aimed at decreasing tension and anxiety levels in one’s life.

Perceptions of Stress

How individuals interpret and react to situations they perceive as challenging or threatening.

Healthy Eating Patterns

Dietary habits that include a balanced and varied intake of foods, recommended for maintaining or improving overall health.

Exercising

The activity of engaging in physical workouts to improve health, fitness, and overall well-being.