The Days' Sales Uncollected Ratio Is Used To

question 18

Multiple Choice

The days' sales uncollected ratio is used to:

• A)Determine the number of days that have passed without collecting on accounts receivable.
• B)Identify the likelihood of collecting sales on account.
• C)Measure how many days of sales remain until the end of the year.
• D)Estimate how much time is likely to pass before cash receipts from credit sales equal the current amount of accounts receivable.
• E)Measure the amount of layaway sales for a period.

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Definitions:

Battle of Alamance

A pre-American Revolutionary War conflict in 1771 between local militia and a group of rebels known as Regulators in North Carolina, symbolizing growing colonial unrest.

Regulators

Individuals or bodies that control, monitor, or supervise specific activities or industries, ensuring compliance with laws and standards for the public good.

Sons of Liberty

A group of American patriots during the late 18th century, known for their radical actions against the British tax policies leading to the American Revolution.

Proclamation of 1763

An edict issued by King George III of Britain, prohibiting settlers from advancing westward beyond the Appalachian Mountains to ease tensions with Native Americans.