Refer to the Following Selected Financial Information from McCormik,LLC A)439
B)42

question 101

Multiple Choice

Refer to the following selected financial information from McCormik,LLC.Compute the company's days' sales uncollected for Year 2.(Use 365 days a year.) $$\begin{array} { l r r } & { \text { Year 2 } } & \text { Year 1 } \\\text { Cash } & \$37,500 & \$ 36,850 \\\text { Short-term irvestrnents }& 90,000 & 90,000 \\\text { Accounts receivable, net } & 85,500 & 86,250 \\\text { Merchardise irventory } & 121,00 0 & 117,000 \\\text { Prepaid experses } & 12,100 & 13,500 \\\text { Plart assets } & 388,000 & 392,000 \\\text { Accounts payable } & 113,40 0 & 111,750 \\\text { Net sales } & 711,000 & 706,000 \\\text { Cost of goods sold }& 390,000 & 385,500\end{array}$$

• A)43.9.
• B)42.3.
• C)46.2.
• D)80.0.
• E)113.3.

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Definitions:

Communitarianism

A social philosophy emphasizing the importance of community in the functioning of political life, often valuing community goals over individual ones.

Equality of Condition

A social state in which people have the same status in certain respects, including civil rights, freedom of speech, property rights, and equal access to social goods and services.

Equality of Opportunity

The principle that all individuals should have an equal chance to pursue their own goals and interests, typically referring to non-discrimination in access to education, employment, and other resources.

Equality of Opportunity

The principle that all individuals should have the same chance to succeed, without discrimination based on background, race, gender, or other personal characteristics.