A Company Had Net Sales of $21,500 and Ending Accounts

question 44

Multiple Choice

A company had net sales of $21,500 and ending accounts receivable of $2,700 for the current period.Its days' sales uncollected equals: (Use 365 days a year.)

• A)8.0 days.
• B)58.9 days.
• C)45.8 days.
• D)7.4 days.
• E)45.2 days.

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Definitions:

Mass Coverage

A term generally referring to the extensive reach or exposure of a product, service, or message across a wide audience.

Personal Selling

A direct marketing approach involving face-to-face sales presentations and interactions between salespersons and potential customers.

Advertising

The activity of creating and disseminating messages to promote products, services, or ideas to potential customers.

Institutional Advertising

Involves messages that promote concepts, ideas, philosophies, or goodwill for industries, companies, organizations, or government entities.