If Net Sales Total $50,000,beginning Accounts Receivable Was $10,000,and Ending

question 36

Multiple Choice

If net sales total $50,000,beginning accounts receivable was $10,000,and ending accounts receivable is 16,000,what is the days' sales collected?

• A)73 days
• B)96 days
• C)118 days
• D)192 days

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Definitions:

Random Sample

A subset of a population selected in such a manner that every individual has an equal chance of being chosen.

Regression Line

A line of best fit through a scatter plot of data points that shows the linear relationship between two variables.

Linear Regression

A statistical method used to model the relationship between a dependent variable and one or more independent variables by fitting a linear equation to observed data.

Standard Error

A measure of the statistical accuracy of an estimate, indicating the variability of an estimate when different samples are taken from the same population.