The Following Account Balances Are Taken from Everest Events at December

question 73

Essay

The following account balances are taken from Everest Events at December 31. $$\begin{array} { | l | r | r | } \hline & 2016 & 2015 \\\hline \text { Accounts receivable } & 170,230 & 260,450 \\\hline \text { Net sales } & 1,500,750 & 1,450,600 \\\hline\end{array}$$ Calculate the number of days' sales uncollected for both years. According to this analysis, is the company's collection of receivables improving? Explain.

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Definitions:

Sex Typing

The process of categorizing individuals, behaviors, or attributes as masculine or feminine based on societal norms or expectations.

Parental Gender Socialization

The process by which parents contribute to shaping their children's understanding of gender roles and expectations.

Channeling

The process of directing or guiding something along a pathway or through a specific medium.

Verbal Appellation

The process of assigning a name or label to something through verbal description.