A Company Has Net Credit Sales of $95,000, Beginning Net

question 137

Multiple Choice

A company has net credit sales of $95,000, beginning net accounts receivable of $20,000 and ending net accounts receivable of $18,000. Calculate the days' sales in receivables.

• A)60 days
• B)48 days
• C)58 days
• D)73 days

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Definitions:

Targets

Objectives or specific goals that an individual, group, or organization aims to achieve.

Authority Figures

Individuals with recognized or legal power and control over others, often exerting influence or command in various settings.

Fundamental Attribution Error

The tendency to overestimate the effect of personality or disposition and underestimate the influence of situational factors when explaining others' behaviors.

East Asians

People originating from countries in the eastern part of Asia, usually including China, Japan, and Korea, among others.