Given an Accounts Receivable Turnover of 8 and Annual Credit

question 24

Multiple Choice

Given an accounts receivable turnover of 8 and annual credit sales of $362,000, the average collection period (360-day year) is

• A) 90 days.
• B) 45 days.
• C) 75 days.
• D) 60 days.

---

Definitions:

ADHD

Attention Deficit Hyperactivity Disorder, a mental health disorder characterized by a continuous pattern of inattention and/or hyperactivity-impulsivity that interferes with functioning or development.

Psychodynamic Therapy

A therapeutic approach that focuses on unconscious processes as they are manifested in a person's present behavior.

Cognitive-Behavioral Therapy

A goal-oriented, systematic intervention in therapy focusing on altering problematic emotions, behaviors, and cognitions.

Overt-Destructive

Behavior that is openly aggressive or harmful, typically observable and measurable by others.