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:

Neat Freak

An informal term for a person who is excessively tidy or obsessed with cleanliness.

Neglect

The failure to provide necessary care, attention, or support to someone or something, leading to potential harm or deterioration.

Major Tasks

Principal or significant duties and responsibilities that are essential to the proper execution of a job or project.

Working Smarter

Strategies or approaches that enhance productivity not just through hard work but by optimizing efficiency, creativity, and prioritization of tasks.