Guttery Corporation has provided the following financial data from its balance sheet:
Sales on account in Year 2 totaled $1,450,000 and cost of goods sold totaled $900,000.
-The company's average collection period (age of receivables) for Year 2 is closest to:
Definitions:
Holding Contacts
Contacts within a relay or starter that maintain the circuit's state even after the actuating force is removed.
Memory
A component or system in computing for storing data and instructions temporarily or permanently, necessary for executing programs.
Master Control
Master control is the main interface or mechanism through which a complex system, such as a machine or network of devices, is operated and managed.
Start Pushbutton
A control device used to initiate the operation of machinery or equipment.
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