The Following Data Pertain to Golden State Corporation:
Days $\quad\quad\quad\quad25$

question 36

Essay

The following data pertain to Golden State Corporation:
Days sales uncolle cted for 2010 $\quad\quad\quad\quad25$
Ac counts receivable, 12/31/2009 $\quad\quad\quad\$ 78,000$
Accountsreceivable $12 / 31 / 2010$$\quad\quad\$ 82,000$

Calculate the amount of net sales reported for 2010. Use 365 days per year.

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Definitions:

Trade Deficit

A situation where a country's imports exceed its exports, indicating that it is buying more goods and services from abroad than it is selling.

Exports

Goods or services sold by a country to buyers in other countries, contributing to the exporting country's gross domestic product.

Imports

Items or services transferred into a country from a foreign location to be sold.

Trade Surplus

A condition where a country's exports exceed its imports, indicating a positive balance of trade.