Days' Sales in Receivables Can Be Computed in Two Logical

question 55

Multiple Choice

Days' sales in receivables can be computed in two logical steps.In the second step:

• A)the collection period must be determined.
• B)the average daily sales are computed.
• C)the average daily sales are divided by the average net receivables.
• D)the average net receivables are divided by the average daily sales.

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Definitions:

Land Mass

A large contiguous area of land on the Earth's surface, distinguished from smaller landforms and bodies of water.

National Park System

A collection of protected areas managed by a nation to conserve natural beauty, wildlife, and historical sites.

Private Lands

Areas of land owned by individuals or companies rather than by the government or public entities.

National Parks

Protected areas intended for the preservation of natural beauty, biodiversity, and cultural heritage, accessible for public enjoyment and education.