Alex Rhodes' Net Sales for the Current Period Were $114,000

question 53

Multiple Choice

Alex Rhodes' net sales for the current period were $114,000 and average receivables were $96,250. What is the amount of one day's sales rounded) ?

• A)$264
• B)$312
• C)$427
• D)$557

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Definitions:

Volume

The quantity or amount of something, often used in context with production, sales, or trading activities.

Mixed Cost

Expenses that have both variable and fixed components, varying with the level of production or sales to some degree.

Relevant Range

The range of activity or production level within which the assumed cost behavior patterns are valid, typically influencing fixed and variable costs.

Variable Costs

Costs that change in proportion to the level of production activity or volume, such as materials and labor directly involved in production.