E-Ray Ltd Has Net Sales on Account of $1,900,000

question 113

Multiple Choice

e-Ray Ltd has net sales on account of $1,900,000.The average net accounts receivable are $660,000.Calculate the days' sales in receivables.

• A)365 days
• B)350.4 days
• C)126.7 days
• D)2.88 days

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Definitions:

Economic Immigration

The movement of individuals to a new country with the aim of gaining employment or pursuing investment opportunities, often contributing to the host country's economy.

Standard of Living

The degree of wealth, comfort, material goods, and necessities available to a person, group, or nation.

Religious Persecution

This refers to the mistreatment or punishment of individuals because of their religious beliefs or practices.

Economic Immigration

The movement of individuals from one country to another with the intention of seeking employment or better economic prospects.