In October,Target-Mart Had $975,000 in Net Credit Sales and $275,000

question 3

Short Answer

In October,Target-Mart had $975,000 in net credit sales and $275,000 in accounts receivable.Calculate the days' sales uncollected for October.

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Definitions:

Conflict Of Interest

A conflict of interest arises when a person or entity has competing interests or loyalties that could potentially influence the objectivity of their decisions.

Principal

The original sum of money borrowed or invested, excluding any interest or dividend.

Agent

An individual or entity authorized to act on behalf of another in financial or legal matters.

Shareholder

An individual or entity that owns shares in a corporation, thus holding a portion of the corporation's equity.