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:

Service Retailer

is a type of retailer that primarily sells services rather than tangible products, such as salons, repair shops, and fitness centers.

Oil Change

A routine maintenance service for vehicles involving the replacement of the engine's oil and oil filter to ensure proper engine function.

Off-price Retailers

Stores that sell brand name and designer merchandise at lower prices than traditional retail outlets by taking advantage of overstock, last season's products, or bulk buying.

Inventory

The complete list of items such as property, goods in stock, or the contents of a building.