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

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Definitions:

Add

To attach or combine one thing with another to augment its size, quantity, or total.

UI

This term might refer to "User Interface," which is the means by which a user interacts with a computer, software, or application.

Assumption

A statement accepted as true without proof, often forming the basis of an argument or hypothesis.

MT

Modus Tollens, a form of logical argument or a rule of inference allowing one to deduce a conclusion from a hypothetical proposition and its denial.