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:

Sequential Game

A strategic interaction in which players make decisions one after another, with later players having knowledge of the previous actions.

Monopolized

A market condition where a single firm dominates the supply of a good or service.

Simultaneous Game

A type of game in which all players make their decisions or moves at the same time without knowledge of the others' choices.

Price War

A competitive situation where retailers repeatedly cut prices in order to undercut competitors, often leading to reduced profit margins.