A Retailer's Net Sales Equals $1,000,000;its Accounts Receivables Are $150,000

question 80

Multiple Choice

A retailer's net sales equals $1,000,000;its accounts receivables are $150,000.Its collection period is _____ days.

• A)6
• B)15
• C)47
• D)55

Calculate and analyze the return on assets to assess a company's profitability in relation to its total assets.

Understand the impact of transactions on the accounting equation and financial statements.

Recognize the categorization of business activities into operating, investing, and financing activities.

Analyze the effects of cash transactions on the accounting equation.

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Definitions:

Delphi Method

A forecasting technique using a group process that allows experts to make forecasts.

Decision Makers

Individuals or groups responsible for making choices that determine an organization's or individual's course of action.

Respondents

Individuals or entities that provide answers or feedback in response to questions in surveys, interviews, or research studies.