A Company with Net Sales of 1,642,500, a Beginning Balance

question 59

Multiple Choice

A company with net sales of 1,642,500, a beginning balance of net receivables of $187,500, and an ending balance of net receivables of $235,500 has a days' sales in receivables of rounded) :

• A)47 days.
• B)52 days.
• C)56 days.
• D)42 days.

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Definitions:

BTUs

Stands for British Thermal Units, a unit of measure used to describe the heat value of fuels or energy sources.

Goods And Services

Tangible products and intangible activities provided to satisfy the wants and needs of consumers.

2009 Dollars

2009 Dollars refer to the value of money adjusted for inflation to the year 2009, allowing for more accurate comparisons of economic value across different years.

Renewable Natural Resource

is a resource that can replenish itself naturally over time, such as sunlight, wind, rain, tides, and biomass.