A Company Has Net Credit Sales of $94,000,beginning Net Accounts

question 161

Multiple Choice

A company has net credit sales of $94,000,beginning net accounts receivable of $23,000 and ending net accounts receivable of $18,000.Calculate the days' sales in receivables.(Use 365 days in calculations as needed.Round any intermediate calculations to two decimal places,and your final answer to the nearest whole day.)

• A) 73 days
• B) 50 days
• C) 91 days
• D) 80 days

---

Definitions:

Activity Index

A measure or indicator used to assess the level of activity or productivity in a given context.

CVP Analysis

Cost-Volume-Profit Analysis, a managerial accounting method that examines the impact of varying levels of costs and volume on operating profit.

Manufacturing Costs

These are expenses directly related to the production of goods, including labor, materials, and overhead.

Selling

The process of promoting and transferring goods or services to a buyer in exchange for money.