Multiple Choice
Bird's Nest had net credit sales for the current period of $510,000 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) 9 days
B) 151 days
C) 39 days
D) 30 days
Correct Answer:
Verified
Correct Answer:
Verified
Q87: When a merchant sells merchandise and lets
Q88: Smith and Son's Department Store has a
Q89: On December 31,2017,the lender on a $5,700,120-day,10%
Q90: The direct write-off method records Uncollectible-Account Expense:<br>A)in
Q91: If a company wants to increase its
Q93: An aging-of-accounts-receivable indicates that the amount of
Q94: The Daisy Company had net credit sales
Q95: Which balance sheet account shows the amount
Q96: With regard to notes receivable,which of the
Q97: The balance in Accounts Receivable was $650,000