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

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Definitions:

Theory Y

A management concept based on the belief that employees are intrinsically motivated to work and can be trusted with responsibility and autonomy.

Participative Management

A management style that encourages the involvement and contribution of all employees in decision-making processes.

Equity Norm

The principle that individuals in a group should receive benefits proportional to their contributions.

Organization

An entity comprised of multiple individuals working together in a structured manner towards common goals or objectives.