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.

Answer: B

Business

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Cooperation between marketing and R&D is most important in

a. turbulent markets. b. stable markets. c. the early stage of a product development project. d. the early growth stage of the product life cycle. e. the maturity stage of the product life cycle.

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