A Company Has Net Credit Sales of $1,200,000,beginning Net Accounts

question 126

Multiple Choice

A company has net credit sales of $1,200,000,beginning net accounts receivable of $260,000,and ending net accounts receivable of $202,000.What is the days' sales in accounts receivable? (Round any intermediate calculations to two decimal places,and your final answer to the nearest whole day. )

• A)70 days
• B)141 days
• C)61 days
• D)79 days

Understand the complexities and recommendations surrounding intersex conditions.

Comprehend the anatomical development of sexual organs from a biological perspective.

Understand the concept of observational learning.

Recognize the cognitive approach and theories explaining gender typing and acquisition of gender roles.

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Definitions:

Controlling Interest

Ownership interest in a business entity through which a party has the power to influence or direct its policies and management.

Consolidated Net Income

The total net income of a parent company and its subsidiaries, after eliminating intercompany transactions.

Unrealized Profit

Profit that has been made on paper through an investment but has not yet been realized by selling the asset in question.

After-tax Gain

The amount of profit that remains after subtracting the taxes owed on the gain.