Multiple Choice
Bird's Nest had net credit sales for the current period of $550,000 and average net receivables were $55,000. What is the days' sales outstanding? (Round any intermediary calculations to two decimal places and your final answer to the nearest day.)
A) 10 days
B) 150.684932 days
C) 36 days
D) 26 days
Correct Answer:
Verified
Correct Answer:
Verified
Q21: Unrealized gains and losses on trading securities
Q26: To be classified as a current asset,an
Q71: A company has net credit sales of
Q72: Lincoln Company sold $50,000 of accounts receivable
Q73: A business offers credit terms of 2/15,
Q74: When a company sells a trading security,
Q76: Which of the following statements is CORRECT?<br>A)Trading
Q77: Retailers, wholesalers, and manufacturers typically disclose sales
Q78: An aging-of-accounts-receivable indicates that the amount of
Q90: The direct write-off method records Uncollectible-Account Expense:<br>A)in