Find the Average Collection Period for a Firm That Has

question 101

Multiple Choice

Find the average collection period for a firm that has credit sales of $120,000,000 and accounts receivable of $30,000,000.

• A)30 days
• B)120 days
• C)90 days
• D)45 days
• E)60 days

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Definitions:

Deviance

Actions or behaviors that violate societal norms and expectations, leading to social disapproval or sanction.

Criminality

The state or quality of being criminal; the behaviors and actions that constitute crime or are in violation of the legal system.

Anything Goes Mentality

A laissez-faire attitude towards rules and norms, suggesting that all actions are permissible regardless of morals or consequences.

Positively Valued Stimuli

Objects, conditions, or experiences that are considered desirable or beneficial by a person or within a culture.