Edgology's Balance in Accounts Receivable Is $240,000

question 106

Multiple Choice

Edgology's balance in accounts receivable is $240,000.Annual credit sales are $2 880,000.Edgology's average collection period is [blank].

• A)12 days
• B)30.4 days
• C)2.5 days
• D)There is not enough information

Understand the distinctions among various personality and developmental disorders presented alongside schizophrenia.

Discuss the impact of anti-social personality disorder on individuals and their families, including causes and characteristics.

Examine the prevalence and impact of culture on mental disorders, highlighting the relatively consistent prevalence of certain disorders across cultures.

Understand the impact of psychological factors on health.

---

Definitions:

Financing Activities

Transactions that involve raising capital for the business and repaying investors, such as issuing debt and equity or paying dividends.

Financing Activities

Actions that result in changes to the size and composition of the equity capital or borrowings of a company.

Cash Flows

Cash flows represent the movement of money into and out of a business, crucial for understanding liquidity, viability, and overall financial health.

Indirect Method

A way to present the cash flow statement, showing operating cash flows based on differences in non-cash accounts on the balance sheet.