The Following Is from the Financial Statements of Exquisite Ensembles

question 245

Essay

The following is from the financial statements of Exquisite Ensembles:
$$\begin{array} { | l | r | r | r | } \hline & \text { Year 1 } & \text { Year 2 } & \text { Year 3 } \\\hline \text { Net sales } & \$ 1,260,000 & \$ 1,020,000 & \$ 850,000 \\\hline \text { Accourts receivable (Dec 31) } & 92,800 & 88,000 & 84,200 \\\hline\end{array}$$ Find the number of days,on average,it takes to collect accounts receivable and provide a possible explanation for any change.

---

Definitions:

Evolutionary Theorists

Scholars who explain various aspects of human behavior and societal structures as adaptations made for survival and reproduction over the course of human evolution.

Implicit Attitudes

Unconscious beliefs or feelings that affect an individual's understanding, actions, and decisions without their explicit awareness.

Prejudice

Preconceived opinions or judgments about individuals or groups without complete knowledge or experience, often negative and based on stereotypes.

Research

The systematic investigation into and study of materials and sources to establish facts and reach new conclusions.