If Hot Tubs Inc

question 49

Multiple Choice

If Hot Tubs Inc.had sales of $2 million per year (all credit) and its days sales outstanding was equal to 35 days,what was its average amount of accounts receivable outstanding (assume a 360-day year) ?

• A) $194,444
• B) $57,143
• C) $5,556
• D) $97,222
• E) $212,541

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Definitions:

Deep Soil

Soil with a significant depth, allowing for extensive root penetration and nutrient availability, beneficial for agriculture.

Solar Radiation

Electromagnetic energy emitted by the sun, including visible light, ultraviolet light, and infrared radiation, which provides the primary source of energy for Earth's climate system.

Tropical Rain Forest

A hot, moist biome found near the Earth's equator, characterized by high annual rainfall and a diversity of plant and animal species.

Emergent Layer

The topmost layer of a rainforest, where the tallest trees extend above the forest's general canopy, receiving most sunlight.