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The accounts receivable turnover ratio for a merchandiser is 10 times.Calculate the days' sales in receivables for the merchandiser.(Round your answer to the nearest day. )
Activity Changes
Variations in the level of operations or production within a company, which can impact financial performance and management strategies.
Rental Charges
Fees incurred for the use of property or equipment that is not owned, usually on a periodic basis such as monthly or yearly.
Machine Hour
A unit of measure representing one hour of operating time for a machine, used in allocating manufacturing costs.
Fixed Cost
Operating expenses that do not change in proportion to the level of production or sales activity, such as rent or salaries.
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