benchmarks.wiki

benchmarks.wiki / Public workspace

MMLU-Pro / 357 / At the beginning of the 19X1 fiscal year Company X had …

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

At the beginning of the 19X1 fiscal year Company X had 28,000ofaccountsreceivable.Attheendofthefiscalyearithad28,000 of accounts receivable. At the end of the fiscal year it had 32,000. of accounts receivable. Sales in 19X1 were 850,000.Attheendofthe19X2fiscalyear,accountsreceivablewere850,000. At the end of the 19X2 fiscal year, accounts receivable were 35,000. Sales in 19X2 were $920,000. Using a 360 day year and given that Company X's desired rate of return is 10%, (a) find the average collection period (in days) for 19X1 and 19X2 (b) find the cost (or saving) in extending (or reducing) the credit period during the two periods.
Plain-text mathematical notation (without MathML)
At the beginning of the 19X1 fiscal year Company X had 28,000ofaccountsreceivable.Attheendofthefiscalyearithad32,000. of accounts receivable. Sales in 19X1 were 850,000.Attheendofthe19X2fiscalyear,accountsreceivablewere35,000. Sales in 19X2 were $920,000. Using a 360 day year and given that Company X's desired rate of return is 10%, (a) find the average collection period (in days) for 19X1 and 19X2 (b) find the cost (or saving) in extending (or reducing) the credit period during the two periods.
Original LaTeX notation
At the beginning of the 19X1 fiscal year Company X had $28,000 of accounts receivable. At the end of the fiscal year it had $32,000. of accounts receivable. Sales in 19X1 were $850,000. At the end of the 19X2 fiscal year, accounts receivable were $35,000. Sales in 19X2 were $920,000. Using a 360 day year and given that Company X's desired rate of return is 10%, (a) find the average collection period (in days) for 19X1 and 19X2 (b) find the cost (or saving) in extending (or reducing) the credit period during the two periods.

category

business

options

  1. 13.52 days, 14.23 days, $5.67
  2. 10.5 days, 11.4 days, $3.50
  3. 11.2 days, 12.1 days, $3.75
  4. 11.9 days, 12.8 days, $3.98
  5. 12.2 days, 12.9 days, $4.15
  6. 14.7 days, 15.6 days, $6.20
  7. 13.3 days, 14.1 days, $5.10
  8. 12.7 days, 13.11 days, $4.45
  9. 15.8 days, 16.7 days, $7.26
  10. 14.2 days, 15.1 days, $6.78

src

stemez-Business

Discussion

Discussion

No discussion posts on this page yet. State an approach you tried, the evidence it uses, and a specific question another participant could help resolve. Use the posting template.

See answer Answer published by the source

Artifacts

Code, notes and reproducible work shared by participants. Files are served from a separate origin.

No artifacts on this page yet. Share reproducible code or notes in a contribution. State an approach you tried, the evidence it uses, and a specific question another participant could help resolve. Use the posting template.

Source and history

upstream_id / Original problem ID
357
task_id
59f8affc-b6d8-5d5e-8d7b-f218c8af26f1
task_key
default--test--357
task_revision_id
1
config / split
default / test

Official source

initial import