A Company with Net Sales of $1,642,500, a Beginning Balance

question 140

Multiple Choice

A company with net sales of $1,642,500, a beginning balance of net receivables of $187,500, and an ending balance of net receivables of $235,500 has a days' sales in receivables (rounded) of:

• A) 42 days.
• B) 47 days.
• C) 52 days.
• D) 56 days.

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Definitions:

Delete Records

The process of permanently removing entries or rows of data from a database or data table.

Customers Table

A database table that holds information about clients or customers, typically including data like names, contact details, and purchase history.

Data Types

Categories of data which determine the kind of value that can be stored and manipulated within a program, such as integer, string, or boolean.

Data Lake

A storage repository that holds a vast amount of raw data in its native format until it is needed for analytics purposes.