Days' sales uncollected equals 365 days divided by
A) net sales.
B) average net accounts receivable.
C) net income.
D) the receivable turnover.
D
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An adjusting entry would not include which of the following accounts?
a. Income Taxes Payable b. Unearned Revenue c. Interest Receivable d. Cash
A company that changes from the declining-balance method of depreciation for previously recorded assets to the straight-line method should report the change as a(n)
a. change in accounting principle. b. change in accounting estimate. c. prior period adjustment. d. extraordinary item.
Advertising, public relations, personal selling, and sales promotion are the four elements of _____
a. communication channels b. communication c. selling d. promotion
While companies can use various journals, every company uses a general journal.
Answer the following statement true (T) or false (F)