Rawe Corporation's Accounts Receivable at the End of Year 2

question 282

Multiple Choice

Rawe Corporation's accounts receivable at the end of Year 2 was $329,000 and its accounts receivable at the end of Year 1 was $280,000. Sales, all on account, amounted to $1,350,000 in Year 2. The company's average collection period (age of receivables) for Year 2 is closest to:

• A)1.2 days
• B)1.0 days
• C)82.4 days
• D)89.0 days

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Definitions:

Normal Development

The process of growth and change that a typical individual undergoes, which follows a predictable pattern across physical, cognitive, and social domains.

Obesity Prevention

Obesity prevention encompasses strategies and practices aimed at reducing the incidence of obesity among populations through lifestyle, dietary changes, and public health initiatives.

Balanced Diet

A diet that includes a variety of foods in the right proportions to provide all necessary nutrients for good health.

Outdoor Activity

Engagements or pursuits conducted in natural environments outside of indoor settings, often associated with recreation and physical exercise.