A Company Has Net Sales of $850,000,Beginning Net Receivables of $230,000

question 14

Multiple Choice

A company has Net sales of $850,000,Beginning net receivables of $230,000 and Ending net receivables of $190,000.What is the days' sales in accounts receivable? (Please round to nearest whole day.)

• A) 82 days
• B) 99 days
• C) 93 days
• D) 90 days

Identify the primary financial statements and their roles in financial analysis.

Assess the role of financial management in preventing business failure.

Understand the use of financial ratios and industry benchmarks for business analysis.

Grasp the importance of regular financial record keeping and its impact on decision-making.

---

Definitions:

Force of Law

The authority and power that ensures laws are obeyed and followed, often backed by penalties for non-compliance.

Treatise

A comprehensive and detailed written study on a particular aspect of the law, often used as a reference by legal professionals.

Legal Periodical

A publication, typically a journal or a magazine, that contains scholarly articles, essays, and other writings on topics related to law and legal issues.

Case Digest

A summarized version of a legal ruling or a collection of summarized versions of legal cases.