Days' Sales in Receivables Measures ________

question 187

Multiple Choice

Days' sales in receivables measures ________.

• A) how many days it takes to order and receive inventory
• B) how many days it takes to collect the average level of accounts receivable
• C) how many days it takes to sell inventory
• D) the number of times a company collects the average accounts receivable balance in one year

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Definitions:

Level of Description

The degree of detail that is used in explaining or discussing a concept, phenomenon, or system.

Psychological Essentialism

is the belief that certain categories, especially biological ones like gender or species, have an underlying essence that makes them what they are.

Natural-Kind Concepts

Categories of objects and phenomena that occur naturally in the world, such as animals, plants, and minerals, which people universally recognize and understand.

Family Resemblance Structures

The concept that members of a category may share overlapping features without having one single characteristic that is common to all.