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Jones Company Presents the Following Data for 2010

question 26

Multiple Choice

Jones Company presents the following data for 2010. Jones Company presents the following data for 2010.   The days' sales in receivables is A)  53.1 B)  48.2 C)  43.1 D)  38.1 E)  none of the answers are correct The days' sales in receivables is


Definitions:

Bad-Check Statute

Laws that penalize individuals who knowingly write checks from a bank account without sufficient funds.

Drawee Bank

The bank upon which a check is drawn, responsible for paying the check amount to the bearer or designated payee.

Drawer

The party who draws a draft, that is, the party who orders that the money be paid.

Payee

The party named in a note or draft to whom payment is to be made.

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