Hayes Company Had an Average Age of Accounts Receivable of 25

question 29

Multiple Choice

Hayes Company had an average age of accounts receivable of 25 days and net credit sales of $31,000. Assume a 365-day year. What was the amount of the average net receivables?

• A) $1,152
• B) $2,123
• C) $4,000
• D) $5,760

Understand and describe the metaphysical implications of the nature of change, existence, and the cosmos.

Understand the conceptual foundations and distinctions in metaphysics regarding substance, reality, and perception.

Identify and analyze the historical development of metaphysical theories across various philosophers.

Grasp the implications of philosophical theories on the perception of the physical and social world.

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Definitions:

Government Purchases

These are expenditures made by government entities for goods and services that directly satisfy public needs or are used to produce other goods and services for public consumption.

Per Capita GDP

The measure of a country's economic output per person, calculated by dividing the Gross Domestic Product by the total population.

Upper Volta

The former name of the West African country now known as Burkina Faso, until it was renamed in 1984.

Lower Volta

A region in Ghana, characterized by the Volta River's lower part, significant for its hydroelectric projects and agriculture.