Robin's Nest Had Net Credit Sales for the Current Period

question 187

Multiple Choice

Robin's Nest had net credit sales for the current period of $510,000 and average net receivables were $49,000. What is Robin's Nest's average daily sales? (Use a 365-day year for your calculations. Round your final answer to the nearest dollar.)

• A)$10
• B)$35
• C)$134
• D)$1397

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Definitions:

Strike

A work stoppage caused by the mass refusal of employees to work, usually in protest of employment conditions or labor disputes.

Demand Period

The length of time over which the demand for a product or service is considered, affecting inventory levels, pricing, and production planning.

Disagreement Value

The value that parties expect to obtain if they decide not to agree or conclude a negotiation or agreement.

Storekeeper

A person in charge of the day-to-day operation of a store or warehouse, overseeing inventory and sales.