Data from Dunshee Corporation's Most Recent Balance Sheet Appear Below

question 89

Multiple Choice

Data from Dunshee Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,170 and the cost of goods sold was $730. The average collection period for Year 2 is closest to:

• A)1.1 days
• B)0.9 days
• C)84.3 days
• D)87.3 days

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Definitions:

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus.

Evolutionary Adaption

The process by which organisms adjust and change over generations to better survive and reproduce in their environments.

Anticipate

To expect or predict something to happen in the future.

Negative Emotions

Feelings that are generally considered to be unpleasant or undesirable, such as sadness, anger, fear, or jealousy.