Based on the Following Data for the Current Year, What

question 92

Multiple Choice

Based on the following data for the current year, what is the number of days' sales in accounts receivable?

• A) 7.3
• B) 2.5
• C) 14.6
• D) 25

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Definitions:

Tax

A necessary economic duty or another sort of imposition exacted from a taxpayer by a governmental agency to allocate funds for government activities and multiple public financial needs.

Good

A tangible item that satisfies some human want or need, which can be transferred from the producer to a buyer.

Deadweight Loss

A loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved, leading to a mismatch between supply and demand.

Tax

A non-negotiable pecuniary charge or alternate levy directed at a taxpayer by a government authority to underwrite the costs of government functioning and various public funding requirements.