The Number of Days' Sales Uncollected

question 179

Multiple Choice

The number of days' sales uncollected:

• A) Is used to evaluate the liquidity of receivables.
• B) Is calculated by dividing accounts receivable by sales.
• C) Measures a company's ability to pay its bills on time.
• D) Measures a company's debt to income.
• E) Is calculated by dividing sales by accounts receivable.

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Definitions:

Initial Impressions

The first and quick opinions we form about others upon meeting them, which are often based on their appearance and behavior.

Cognitive Dissonance

A psychological discomfort experienced when holding two or more conflicting cognitions (beliefs, attitudes, or behaviors).

Attributions

Refers to the process by which individuals explain the causes of behavior and events.

Cognitive Dissonance

The mental discomfort experienced by a person who holds contradictory beliefs, values, or attitudes, often leading to an alteration in one of the beliefs or attitudes.