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

question 17

Multiple Choice

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

• A)24 days.
• B)15 days.
• C)4 days.
• D)56 days.
• E)48 days.

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Definitions:

Vocational Institute

An educational establishment that provides specialized training and instruction in particular trades or careers.

Store Managers

Individuals responsible for overseeing the daily operations of a store, including staff management, inventory control, and customer service.

Publishers

Companies or individuals that prepare and issue books, journals, music, or other works for sale.

Household Chores

Routine tasks and activities performed in managing a home, such as cleaning, cooking, and maintenance.