ABC Has Net Sales on Account of $1,200,000

question 31

Multiple Choice

ABC has net sales on account of $1,200,000. The average net account receivables are $600,000. The days' sales in receivables is:

• A) 439.8 days.
• B) 304.0 days.
• C) 182.5 days.
• D) 8.7 days.

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Definitions:

Sociological Imagination

A concept introduced by C. Wright Mills, referring to the ability to see the relationship between individual experiences and the larger society.

Aboriginal Peoples

Indigenous peoples who are original inhabitants of a land or region, recognized for their distinct cultures, languages, and traditions, often holding unique rights and status under law.

Government Assistance

Programs and services provided by the government aimed at helping individuals, families, and organizations in need, ranging from financial aid to healthcare support.

Radical Nature

The inherent or fundamental qualities of something that push for thorough or complete political or social reform.