The Days' Sales Uncollected Ratio Is Calculated by

question 111

Multiple Choice

The days' sales uncollected ratio is calculated by

• A) Dividing accounts receivable by net sales
• B) Dividing accounts receivable by net sales and multiplying the result by 365
• C) Dividing net sales by accounts receivable
• D) Dividing net sales by accounts receivable and multiplying the result by 365
• E) Multiplying net sales by accounts receivable and dividing the result by 365

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Definitions:

Regressive

Relating to a tax system that disproportionately impacts those with lower incomes, or to policies that may reverse political or social progress.

Regressive Tax

A tax imposed in such a way that the tax rate decreases as the taxable amount increases, disproportionately affecting lower-income individuals.

Payroll Tax

Levies charged on employers or workers, typically based on a proportion of the wages that staff receive from their employers.

Labor Market

The labor market is an economic market in which workers seek employment and employers seek to hire workers, often influenced by factors like wages, demand, and qualifications.