Powers Company Reported Net Sales of $1,200,000,average Accounts Receivable,net of $78,500,and

question 67

Multiple Choice

Powers Company reported net sales of $1,200,000,average Accounts Receivable,net of $78,500,and net income of $51,025.The Day's sales uncollected (rounded to whole days) is:

• A)24 days.
• B)15 days.
• C)4 days.
• D)562 days.
• E)48 days

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Definitions:

Ottoman Turks

Refers to the people from the Ottoman Empire, a vast and powerful empire that spanned parts of Europe, Africa, and Asia from the late 13th century until its dissolution after World War I.

Gunpowder

A mixture of saltpeter, sulfur, and charcoal, used in the past as a propellant in firearms and as an explosive.

Invented

The act of creating, designing, or originating something that has never been made before.

Iberian Peninsula

A region in Southwest Europe, occupied by Spain and Portugal, known for its diverse geography, cultures, and historical significance.