If Boyd Corporation Has Sales of $2 Million Per Year

question 45

Multiple Choice

If Boyd Corporation has sales of $2 million per year (all credit) and days sales outstanding of 35 days,what is its average amount of accounts receivable outstanding (assume a 360 day year) ?

• A) $194,444
• B) $57,143
• C) $5,556
• D) $97,222
• E) $285,714

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Definitions:

Sample Size

The number of observations or data points in a sample drawn from a population for analysis.

P Value

The p value is a measure indicating the probability that the observed data would occur by chance if the null hypothesis were true.

Non-Directional

Pertaining to a hypothesis that does not specify the direction of the expected relationship between variables, only that one exists.

Sample Size

The number of observations or units in a subset of a population used in statistical analysis.