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

question 33

Multiple Choice

A company has net credit sales of $94,000,beginning net accounts receivable of $22,000 and ending net accounts receivable of $18,000.Calculate the days' sales in receivables.(Round any intermediate calculations to two decimal places,and your final answer to the nearest whole day. )

• A)73 days
• B)48 days
• C)91 days
• D)78 days

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Definitions:

Joint Probabilities

The probability that multiple events will occur simultaneously.

Posterior Probabilities

Probabilities that are updated on the basis of new evidence, incorporating the likelihood of observed data under given hypotheses.

Likelihood Probabilities

The probabilities that express the plausibility of different parameter values for a statistical model given the observed data.

Conditional Probabilities

The likelihood of an event occurring given that another event has already occurred, used to calculate probabilities in complex situations.