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Subject - Business Ethics:

Business Finance

MCQ - 9-2114

Question:

Standard Company had net sales of Rs. 750,000 over the past year. During that time, average receivables were Rs. 150,000. Assuming a 365-day year, what was the average collection period?

  1. 5 days
  2. 36 days
  3. 48 days
  4. 36 days

Correct Answer: D

Explanation:

none

Record Performance

80 MCQ for effective preparation of the test of Business Finance of Business Ethics section.

Read the MCQ statement: Standard Company had net sales of Rs. 750,000 over the past year. During that time, average receivables were Rs. 150,000. Assuming a 365-day year, w .... ection period? , keenly and apply the method you have learn through the video lessons for Business Finance to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 9-2114.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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