The Days' Sales Uncollected Ratio Is Used To

question 204

Multiple Choice

The days' sales uncollected ratio is used to:

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

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Definitions:

Neuron

A cell specialized in the transmission of nerve impulses, commonly called a nerve cell.

Dendrite

The branched extensions of a neuron that receive impulses and conduct them towards the cell body.

Axon

A long, slender projection of a nerve cell that typically conducts electrical impulses away from the neuron's cell body.

Endorphins

Naturally occurring peptides in the brain that act as neurotransmitters to reduce pain sensation and produce feelings of euphoria.