A Company Has Net Credit Sales of $1,400,000,beginning Net Accounts

question 171

Multiple Choice

A company has net credit sales of $1,400,000,beginning net accounts receivable of $300,000,and ending net accounts receivable of $200,000.What is the days' sales in accounts receivable? (Use 365 days in calculations as needed.Round any intermediate calculations to two decimal places,and your final answer to the nearest whole day.)

• A) 65 days
• B) 130 days
• C) 52 days
• D) 78 days

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Definitions:

Positive Supply

A situation where an increase in price leads to an increase in the quantity supplied, holding other factors constant.

Cockatoos

A group of bird species known for their distinctive crests and social behavior, not directly related to economic terms.

Smuggled

Smuggled goods are those transported illegally, avoiding regulatory oversight or tariffs.

Transit

The act or process of moving people or goods from one location to another, often involving public transportation systems.