The Number of Days' Sales in Receivables

question 112

Multiple Choice

The number of days' sales in receivables

• A)is an estimate of the length of time the receivables have been outstanding
• B)measures the number of times the receivables turn over each year
• C)is net credit sales divided by average receivables
• D)is not meaningful and therefore is not used

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Definitions:

Value Shift

A fundamental change in what a society or group of individuals considers important, often reflecting changes in ethics, culture, or priorities.

Unethical Decisions

Choices made that violate moral principles or codes of conduct, often leading to negative consequences.

Personal Morals

An individual's set of beliefs about what is right and wrong, formed by personal values, cultural influences, and societal norms.

Organizational Members

Individuals who participate in an organization's structure, contributing to its culture and goals through various roles and responsibilities.