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:

Mutual Mistake

A misunderstanding shared by both parties involved in a contract, leading to a misalignment in agreement terms.

Blackmails

The act of demanding payment or another benefit from someone in return for not revealing compromising or damaging information about them.

Voidable

A term referring to a legal agreement or transaction that is valid but may be annulled by one of the parties involved.

Mutual Mistake

A situation in a contract where all parties have a shared misunderstanding regarding a fundamental fact or factor in the agreement.