Multiple Choice
A firm has average accounts receivable of $2 million,and,on average,takes 39 days to collect on its sales.What is the total amount of the firm's sales?
A) $2 million
B) $4.7 million
C) $18.7 million
D) $78 million
E) $19.5 million
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q22: A financial manager who wants her investment
Q34: If a supplier is offering trade credit
Q35: Which of the following short-term securities would
Q36: Brilliant Balloons,a party balloon manufacturer,buys latex on
Q37: A situation in which a firm runs
Q39: Cooper Copper,a manufacturer of copper piping,buys copper
Q40: What is the meaning of the term
Q42: Your firm purchases $100,000 worth of goods
Q43: What is a firm's cash cycle?
Q89: What are the costs of holding inventory?