A Company Has Net Credit Sales of $1,012,500, Beginning Net

question 121

Multiple Choice

A company has net credit sales of $1,012,500, beginning net accounts receivable of $250,000 and ending net accounts receivable of $200,000. What is the days' sales in accounts receivable? (Round to nearest whole day.)

• A)81 days
• B)99 days
• C)93 days
• D)90 days

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Definitions:

GLOBE Model

A research framework and approach for understanding cross-cultural leadership behavior and its impact on organizational effectiveness.

Power Distance

A cultural dimension that reflects the extent to which inequality and power disparity are accepted and endorsed by a society or organization.

Social Norms

are the unwritten rules or expectations of behavior within a society or group, guiding members on how to act in typical situations.

Transformational Leadership

A leadership approach that causes change in individuals and social systems, inspiring followers to exceed their own interests for the good of the group.