Dahn Corporation Has Provided the Following Financial Data

question 63

Multiple Choice

Dahn Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $1,600. The market price of common stock at the end of Year 2 was $2.37 per share. The company's average collection period (age of receivables) for Year 2 is closest to:

• A)35.7 days
• B)1.1 days
• C)1.0 days
• D)35.2 days

---

Definitions:

Domestic Jobs

Employment opportunities within a country's borders, as opposed to jobs located overseas.

Free International Trade

The exchange of goods and services between countries without the imposition of restrictions such as tariffs, quotas, or subsidies.

Producer Surplus

The difference between what producers are willing to accept for a good or service and the higher price they actually receive.

International Trade

Swapping goods and services across the borders of different countries or regions.