A Company Has Net Sales of $1,700,000,Beginning Net Receivables of $240,000

question 2

Multiple Choice

A company has Net sales of $1,700,000,Beginning net receivables of $240,000 and Ending net receivables of $180,000.What is Days' sales in accounts receivable? (Please round to the nearest whole dollar.)

• A) 50 days
• B) 48 days
• C) 45 days
• D) 41 days

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Definitions:

Medium-Term Bond

A bond that has a maturity period typically ranging from one to ten years, serving as a middle ground between short-term and long-term investments.

Canada Call

A feature of certain bonds allowing the issuer to redeem the bond before maturity exclusively within Canada.

Market Risk

That part of a security’s total risk that cannot be eliminated by diversification; measured by the beta coefficient.

Maturity Date

The date when the bond’s par value is repaid to the bondholder. Maturity dates generally range from 10 to 40 years from the time of issue.