The Daisy Company Had Net Credit Sales of $830,000 for the Year.Cash

question 94

Multiple Choice

The Daisy Company had net credit sales of $830,000 for the year.Cash sales for the year were $1,170,000.Its receivables at the beginning of the year were $45,000 and at the end of the year they had increased to $90,000.The Daisy Company has credit terms of net 30 days.Compute the days' sales outstanding and evaluate the ratio as strong or weak.(Round any intermediary calculations to two decimal places and your final answer to the nearest day. )

• A)Days' sales outstanding 30 days;strong
• B)Days' sales outstanding 30 days;weak
• C)Days' sales outstanding 12 days;strong
• D)Days' sales outstanding 12 days;weak

Understand the calculation and application of predetermined overhead rates.

Grasp the concept of underapplied and overapplied factory overhead and its adjustment.

Understand the concept of burnout and identify strategies to prevent or lessen it in a workplace setting.

Comprehend the elements of meditation techniques and distinguish between meditation and rumination in the context of stress management.

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Definitions:

Island Chains

A series of islands closely spaced in a linear or arc formation, often formed by volcanic activity.

Volcanic Origin

Refers to landscapes, geological features, or materials that have formed as a result of volcanic activity, including eruptions, lava flows, and ash deposits.

Seafloor

The bottom of the ocean, covering a vast area and including features like plains, mountains, and trenches.

Continental Shelves

The underwater landmasses that extend around the continents, typically extending from the shore to a drop-off point known as the shelf break.