Marketing MCQ Marketing Chapter 12 A retailer typically has half of its sales on credit; the balance of sales are by cash, check, or debit card. Credit sales are payable in full in 30 days. The retailer's collection period is 25 days. The retailer has _____.

A retailer typically has half of its sales on credit; the balance of sales are by cash, check, or debit card. Credit sales are payable in full in 30 days. The retailer's collection period is 25 days. The retailer has _____.

Marketing Chapter 12

A retailer typically has half of its sales on credit; the balance of sales are by cash, check, or debit card. Credit sales are payable in full in 30 days. The retailer's collection period is 25 days. The retailer has _____.

a. slow-turning accounts receivable

b. fast-turning accounts receivable

c. average-turning accounts receivable

d. high financial leverage

Answer: A

Marketing MCQ

A retailer typically has half of its sales on credit; the balance of sales are by cash, check, or debit card. Credit sales are payable in full in 30 days. The retailer's collection period is 25 days. The retailer has _____.

A retailer typically has half of its sales on credit; the balance of sales are by cash, check, or debit card. Credit sales are payable in full in 30 days. The retailer's collection period is 25 days. The retailer has _____.

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