A Company with Net Sales of $850,000, a Beginning Balance

question 43

Multiple Choice

A company with net sales of $850,000, a beginning balance of net receivables of $230,000, and an ending balance of net receivables of $190,000 has a days' sales in accounts receivable of:

• A)99 days.
• B)82 days.
• C)92 days.
• D)90 days.

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Definitions:

Esophagus

The part of the alimentary canal that connects the throat to the stomach.

Stomach

A muscular organ in the gastrointestinal tract that's involved in the second phase of digestion, following chewing.

Gallbladder

A small, pear-shaped organ located under the liver, which stores and concentrates bile, a fluid that helps digest fats.

Common Bile Duct

A major duct that carries bile from the liver and gallbladder into the small intestine for digestion.