Solved

If the Receivables Turnover Is 3

Question 50

Multiple Choice

If the receivables turnover is 3.1 times,what is the days' sales uncollected?

A) 10 days
B) 85 days
C) 118 days
D) cannot be determined with information given

Related Questions

Q45: When a note is dishonored,the payee's journal

Q46: If average accounts receivable is $35,000 and

Q47: Uncollectible accounts should not be estimated because

Q48: The general ledger account for Accounts Receivable

Q49: How is the account Allowance for Uncollectible

Q51: The holder,or payee,of a dishonored note should

Q52: The allowance for uncollectible accounts is similar

Q53: What is a contingent liability,and how does

Q54: Because bad debt losses are incurred to

Q55: Which of the following situations results in