ABC Has Net Sales on Account of $1 200 000

question 4

Multiple Choice

ABC has net sales on account of $1 200 000. The average net account receivables are $600 000. The days' sales in receivables is:

• A)439.8 days.
• B)304.0 days.
• C)8.7 days.
• D)182.5 days.

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Definitions:

External Subsystems

Components or units outside an organization that interact with or influence its operations and activities.

Buy-In

Refers to the agreement on a course of action or the decision-making process that gains the acceptance and support of stakeholders.

Change Process

The series of actions or steps taken to achieve a significant shift in direction, operations, or behavior within an organization or system.

Stakeholders

Individuals or groups that have an interest in the success and strategies of an organization, including employees, customers, investors, and suppliers.