The aging schedule of a firm shows that 40% of the receivables are collected in 18 days and the remaining 60% of the receivables are collected in 50 days. The days sales outstanding (DSO) of the firm is _____.?
A. 12.32 days?
B. ?12.78 days
C. ?20.34 days
D. ?40.56 days
E. ?37.20 days
Answer: E
You might also like to view...
Which of the following is NOT recognized as an advantage of using electronic interviewing to collect research data?
A) no interviewer bias B) high speed C) low cost D) high sample control E) hard-to-reach-respondent contact
Recording of a deed is necessary to pass title from the grantor to the grantee
Indicate whether the statement is true or false
During performance appraisals, managers tend to focus on either task performance, counterproductive performance, or both.
Answer the following statement true (T) or false (F)
________ is the third phase of the project management process in which the plans created in the prior phases (project initiation and planning) are put into action
A) Project execution B) Project closure C) Project development D) Project planning