A Company Had Net Sales of $21,500 and Ending Accounts

question 204

Multiple Choice

A company had net sales of $21,500 and ending accounts receivable of $2,700 for the current period. Its days' sales uncollected equals: (Use 365 days a year.)

• A) 8.0 days.
• B) 7.4 days.
• C) 45.8 days.
• D) 58.9 days.
• E) 45.2 days.

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Definitions:

Nonrelevancy Error

An error made during the employee appraisal process where information irrelevant to job performance influences the evaluation.

First-impression Error

is a bias in evaluation or judgment where early information or initial impressions unduly influence someone's perception of another person or situation.

On-the-job Training

A method of professional development where employees acquire skills and knowledge during the course of their regular work activities, often under the guidance of experienced colleagues.

Vestibule Training

A training method where employees are trained in a separate space (a 'vestibule') using the equipment and tools that they will use in their actual work, but within a simulated work environment.