A Company Has Net Credit Sales of $91,000, Beginning Net

question 181

Multiple Choice

A company has net credit sales of $91,000, beginning net accounts receivable of $22,000 and ending net accounts receivable of $19,000. Calculate the days' sales in receivables. (Round any intermediate calculations to two decimal places, and your final answer to the nearest whole day.)

• A) 73 days
• B) 52 days
• C) 91 days
• D) 82 days

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Definitions:

Wisdom

The ability to apply knowledge, experience, understanding, and insight to make sound judgments and decisions.

Apathetic

Showing or feeling no interest, enthusiasm, or concern towards subjects or matters, often characterized by a lack of emotion or motivation.

Conscientious

A personality trait characterized by a high level of care, diligence, and a sense of duty.

Mandatory Age

A legally established age at which individuals are required to or are no longer allowed to engage in certain activities or behaviors.