Days' Sales Outstanding Can Be Computed in Two Logical Steps

question 48

Multiple Choice

Days' sales outstanding can be computed in two logical steps.In the second step:

• A)the collection period must be determined.
• B)the average daily sales are computed.
• C)the average daily sales are divided by the average net receivables.
• D)the average net receivables are divided by the average daily sales.

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Definitions:

Topic Sentence

The sentence in a paragraph that summarizes the main idea or point of that paragraph, serving as a guide for the reader.

Gilberto

A given name of Portuguese or Italian origin, typically used for males. It does not have a specific definition beyond being a name.

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A brass wind instrument with a bright, penetrating sound, played by blowing air through closed lips to produce a vibrating buzz.

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