A Company with Net Sales of $1,642,500, a Beginning Balance

question 140

Multiple Choice

A company with net sales of $1,642,500, a beginning balance of net receivables of $187,500, and an ending balance of net receivables of $235,500 has a days' sales in receivables (rounded) of:

• A) 42 days.
• B) 47 days.
• C) 52 days.
• D) 56 days.

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Definitions:

Sexual Harassment

Unwelcome or inappropriate sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature in a workplace or other professional or social situation.

Respectfully

Describes an approach or manner that shows esteem or deference towards others.

Budgets

Financial plans that estimate revenue and expenses over a specified future period, used by organizations, governments, and individuals to manage money.

Points Of Control

Strategic locations within a system or process where changes can be applied to influence outcomes or manage flow.