Use This Information to Answer the Following Questions:
the Financial

question 13

Multiple Choice

Use this information to answer the following questions:
The financial records of Del Ltd reveal the following at 30 June 2012 :
$\begin{array}{lr} & \$ \\ \text { Net sales for year } & 120,000 \\ \text { Cost of goods sold for year } & 90,000 \\ \text { Inventory, 1 July 2011 } & 27,000 \\ \text { Accounts receivable, 1 July } 2011 & 18,300 \\ \text { Inventory 30 June } 2012 & 33,000 \\ \text { Accounts receivable, 30 June 2012 } & 21,700\end{array}$
-What was the number of days' sales in receivables?

• A) 60.8 days
• B) 90 days
• C) 120 days
• D) 8 times.

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Definitions:

Anicca

In Zen Buddhism, the recognition that all things are temporary and, therefore, it is best to avoid attachments to them.

Anatta

Anatta is a Buddhist concept meaning "not-self," which asserts the absence of a permanent, unchanging soul or self in living beings, highlighting the idea of impermanence and interconnectedness.

Nirvana

The ultimate goal in Buddhism, representing a state of enlightenment and liberation from the continuous cycle of birth, death, and rebirth.

Existentialism

The approach to philosophy that focuses on conscious experience (phenomenology), free will, the meaning of life, and other basic questions of existence.