Jones Company Presents the Following Data for 2012 The Days' Sales in Receivables Is
A)53

question 29

Multiple Choice

Jones Company presents the following data for 2012. $$\begin{array} { lr } \text {Receivables, less allowance for losses and discounts of \$12,196}&\$266,700\\\text {Net Sales}&2,360,108\\\text {Cost of Goods Sold}&1,580,360\\\end{array}$$ The days' sales in receivables is

• A)53.1.
• B)48.2.
• C)43.1.
• D)38.1.
• E)40.0.

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Definitions:

Automatic Stabilizer

Economic policies and programs, such as unemployment insurance, that automatically adjust to counteract economic fluctuations without the need for explicit government intervention.

Automatic Stabilizers

Economic policies and programs, such as unemployment insurance and taxation, that automatically adjust with economic conditions to stabilize income and spending.

Recession

An interval of momentary economic contraction characterized by decreased commercial and industrial operations, commonly signaled by a reduction in Gross Domestic Product over two back-to-back quarters.

Government Budget Deficit

The financial situation that occurs when a government's expenditures exceed its revenues in a given fiscal year.