A Retailer Typically Has Half of Its Sales on Credit;the

question 33

Multiple Choice

A retailer typically has half of its sales on credit;the balance of sales are by cash,check,or debit card.Credit sales are payable in full in 30 days.The retailer's collection period is 25 days.The retailer has _____.

• A)slow-turning accounts receivable
• B)fast-turning accounts receivable
• C)average-turning accounts receivable
• D)high financial leverage

---

Definitions:

Certified Human Resources Professional (CHRP)

A professional designation indicating that an individual has met certain criteria and standards in the field of human resources.

Provincial HR Association

A regional professional organization dedicated to supporting human resources professionals through resources, training, and networking opportunities.

Credentialing Bodies

Organizations or institutions that grant certification to indicate that an individual has met certain professional standards necessary for practice in a specific field.

Chartered Professional

A certified expert in a specific field who has met the standards of qualification and regulation established by a professional body.