Willow Manufacturing Had Net Accounts Receivable of $600,000 at the Beginning

question 89

Multiple Choice

Willow Manufacturing had net Accounts Receivable of $600,000 at the beginning of the year and $740,000 at the end of the year.Net Sales Revenue for 2019 was $5,200,000.What is the days to collect from customers?

• A)60.00
• B)42.12
• C)51.94
• D)47.03

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Definitions:

Significance Level

The probability of rejecting the null hypothesis in a statistical test when it is actually true, commonly denoted by alpha (α) and used to measure the strength of evidence against the null hypothesis.

α

Typically represents the level of significance in hypothesis testing, indicating the probability of rejecting the null hypothesis when it is actually true.

β Recalculate

A statistical process of re-estimating the beta coefficient in finance or regression models, adjusting for changes in variables or data.

Type II Error

A statistical error that occurs when a false null hypothesis is not rejected, meaning a real effect or difference is missed.