Hunter's Nest had net sales for the current period of $310,000 and average receivables were $28,700. What is the amount of day's sales in receivables?
A) 10 days
B) 25 days
C) 34 days
D) 79 days
Correct Answer:
Verified
Q152: Accounts receivable can be sold to a
Q171: Which of the following is considered to
Q178: Selling accounts receivable typically:
A) decreases assets and
Q181: If the current ratio is 3.2, and
Q182: If the collection period of a company
Q184: Barts Industries, Inc., has $30,000 in cash,
Q185: A company with net sales of $1,642,500,
Q186: Hunter's Nest had net sales for the
Q187: If a company wants to increase its
Q188: A company has net sales of $800,000,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents