A Company Had Net Sales of $31,500 and Ending Accounts

question 171

Multiple Choice

A company had net sales of $31,500 and ending accounts receivable of $2,700 for the current period.Its days' sales uncollected is equal to:

• A)11.7 days
• B)23.3 days
• C)31.3 days
• D)42.5 days
• E)46.6 days

---

Definitions:

Federal Loan Program

A government initiative in the United States that provides financial assistance to students for education, typically with lower interest rates and more flexible repayment options than private loans.

Problem-Focused Coping

A strategy used to tackle stress by directly addressing the issue causing the stress.

Earthquake

A sudden and violent shaking of the ground, sometimes causing great destruction, as a result of movements within the earth's crust or volcanic action.

Asian Americans

A diverse group of Americans of Asian descent, which includes people from East Asia, South Asia, Southeast Asia, and other regions.