This Iron Oxide Mineral Commonly Has a Reddish Color and Consistently

question 43

Multiple Choice

This iron oxide mineral commonly has a reddish color and consistently has red streak.What mineral is it?

• A)calcite
• B)dolomite
• C)hematite
• D)magnetite
• E)pyrite

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Definitions:

Accounts Receivable

Outstanding payments from customers for goods or services a company has already delivered.

Average Collection Period

The average number of days it takes for a business to receive payments from its customers for invoices issued, indicative of the effectiveness of a company's credit and collection policies.

Net Sales

The amount of sales generated by a company after deductions for returns, allowances for damaged or missing goods, and discounts.

Accounts Receivable

Amounts owed to a business by its customers for goods or services that have been delivered but not yet paid for.