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

question 129

Multiple Choice

Data from Kooistra Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,270 and the cost of goods sold was $770.
-The average sale period for Year 2 is closest to:

• A)51.7 days
• B)221.3 days
• C)78.2 days
• D)85.3 days

---

Definitions:

Switch Contacts

The conductive parts in a switch that come together to complete an electrical circuit when activated.

Coil

In programming and electrical engineering, it refers to a command used in ladder logic for activation or control of outputs.

Energized

Refers to a circuit or component that is under power or has electrical current flowing through it.

Efficiency-Wage Theory

The theory that employers pay workers a higher wage than the equilibrium wage to increase their productivity and efficiency.