Z-Mart Had Net Sales of $31,500 and Accounts Receivable of $2,700

question 126

Multiple Choice

Z-Mart had net sales of $31,500 and accounts receivable of $2,700. To one decimal, Z-Mart's days' sales uncollected was

• A) 11.7
• B) 23.3
• C) 28
• D) 31.3
• E) 46.6

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Definitions:

Quarterly Data

Data that is collected, reported, or compiled at three-month intervals, often used in financial and economic analysis to track seasonal patterns and short-term trends.

Seasonal Indexes

Numerical values that represent the relative level of seasonal influence on a variable, often used to adjust data for seasonal effects.

Seasonally Adjusted

Data that has been modified to remove effects of seasonal patterns to provide a clearer view of non-seasonal trends.

Regression Technique

A statistical method used for estimating the relationships among variables, often to predict the value of a dependent variable based on the values of one or more independent variables.