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

question 75

Multiple Choice

Bird's Nest had net credit sales for the current period of $550,000 and average net receivables were $55,000. What is the days' sales outstanding? (Round any intermediary calculations to two decimal places and your final answer to the nearest day.)

• A)10 days
• B)150.684932 days
• C)36 days
• D)26 days

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Definitions:

Continuous Intervals

Ranges in mathematics and statistics without any breaks or discrete jumps, often used in calculations involving real numbers.

Real Numbers

A set of numbers that include both rational and irrational numbers, representing all possible magnitude and quantity values.

Probability Mass Function

A function that gives the probability that a discrete random variable is exactly equal to some value.

Discrete Random Variable

A type of random variable that can take on a countable number of distinct values.