A Company Has Net Credit Sales of $2,000,000,a Beginning Balance

question 45

Multiple Choice

A company has net credit sales of $2,000,000,a beginning balance of net receivables of $202,000,and an ending balance of net receivables of $245,000.What is the company's days' sales in receivables (rounded) ?

• A)9 days
• B)37 days
• C)41 days
• D)48 days

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Definitions:

Order of The Star

A historic chivalric order or a society that often has a religious, cultural, or social mission, depending on the context.

Sword and Riding Boots

symbolize military power and the aristocratic lifestyle, often associated with the imagery of cavalry and officers in historical contexts.

Curled Beard and Turban

Distinctive features often portrayed in historical and religious art, signifying dignity, wisdom, or specific cultural or religious identities.

Necklace Bib

A decorative jewelry piece that covers the area of the chest like a bib, often elaborately designed and constructed from metals, gems, or beads.