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A company reported net sales for Year 1 of $285,000 and $575,000 for Year 2. The year-end balances of accounts receivable were $49,000 for Year 1 and $85,000 for Year 2. Calculate the days' sales uncollected at the end of each year for this company and describe any changes in the apparent liquidity of the company's receivables.
Potential Gains
The anticipated positive returns from an investment or venture, before accounting for expenses or losses.
Potential Losses
Refers to the maximum amount of money that can be lost in an investment or a portfolio of investments.
Information Processing Errors
Mistakes made in evaluating, interpreting, or remembering information, often affecting decision-making and judgments.
Forecasting Errors
Discrepancies between predicted values and the actual values that occur in the process of forecasting.
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