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:

Relative Deprivation

Is an intolerable gap between the social rewards people feel they deserve and the social rewards they expect to receive.

Social Breakdown

The disintegration of societal structures and norms, leading to widespread chaos or dysfunction.

Absolute Deprivation

Is a condition of extreme poverty.

Contagion Theory

A theory in sociology and psychology that explains how ideas, attitudes, and behaviors spread through populations as if they were infectious diseases.