Powers Company Reported Net Sales of $1,200,000 and Accounts Receivable

question 19

Multiple Choice

Powers Company reported Net sales of $1,200,000 and Accounts Receivable, net of $78,500. The day's sales uncollected (rounded to whole days) is:

• A)24 days.
• B)15 days.
• C)4 days.
• D)56 days.
• E)48 days.

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Definitions:

Modern Systems

Refers to contemporary, advanced technological or software systems designed to improve efficiency, productivity, or sustainability in various sectors.

Production Volume

Production volume refers to the total quantity of goods or services produced by a company within a specific period.

Activity Measures

Metrics or indicators used to evaluate, monitor, and manage the efficiency and effectiveness of business operations or processes.

Work In Process Inventories

Goods that are in the production process but are not yet completed, representing a stage between raw materials and finished goods.