A Company Had Net Sales of $21,500 and Ending Accounts

question 96

Multiple Choice

A company had net sales of $21,500 and ending accounts receivable of $2,700 for the current period.Its days' sales uncollected equals:

• A)8.0 days.
• B)58.9 days.
• C)45.8 days.
• D)7.4 days.
• E)45.2 days.

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Definitions:

Coalition

An alliance between individuals, groups, or nations for a common purpose, often temporary and focused on achieving a specific goal.

Decision Quality

The level of effectiveness and efficiency in making choices that meet objectives and yield beneficial outcomes.

Engage

To involve oneself or become actively involved in a particular activity or enterprise.

Focus Groups

A research method in which a small, diverse group of people are gathered to discuss and provide feedback on a specific topic or product under the guidance of a moderator.