Which of the Following Factors Are Used to Compute the Number

question 29

Multiple Choice

Which of the following factors are used to compute the number of days' sales in accounts receivable?

• A) Inventory turnover and 365 days
• B) Net sales and average inventory
• C) Accounts receivable turnover and 365 days
• D) Average accounts receivable and cost of goods sold

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Definitions:

Punishment

A consequence applied with the intention of reducing or eliminating an unwanted behavior, often employed in legal and educational contexts.

Deontological Theory

An ethical theory that emphasizes duty, rules, and the inherent rightness or wrongness of actions, regardless of the consequences.

Values

Core beliefs or standards of behavior that guide decisions and actions, reflecting what is important to an individual or organization.

Beliefs

Convictions or acceptances that something exists or is true, especially without proof and often based on cultural, religious, or personal values.