The Average Accounts Receivables Balance Is a Function of Both

question 35

True/False

The average accounts receivables balance is a function of both the volume of credit sales and the days sales outstanding.

---

Definitions:

Cent

A Cent is a monetary unit that represents one hundredth of the base unit of currency in many countries, such as the United States dollar, Euro, and others.

Decimal Equivalent

A fraction or percentage expressed as a decimal number.

Percent Equivalent

A way to express a part of the whole number as a percentage.

Rounded

Adjusted to the nearest specified value, often to simplify numbers for ease of calculation or reading.