Apple Company Had Terms of Net 60 Days for Customers

question 84

True/False

Apple Company had terms of net 60 days for customers.The number of days' sales in accounts receivable for Apple was 42 days.Apple is efficient in the collection of its receivables.

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Definitions:

Cultural Environment

The sum of social practices, beliefs, values, customs, and human activities that characterize the lifestyle of a society or a group.

Values

Fundamental beliefs or ideals shared by the members of a culture about what is good or desirable and what is not. They exert a major influence on the behavior of an individual and serve as broad guidelines in all situations.

Behavior

The actions or reactions of objects or organisms, often in response to external stimuli; in humans, it encompasses physical, psychological, and social actions.

Cultural Cohesion

The bonds that unite the members of a culture or group through shared values, beliefs, customs, and practices.