The company had net sales of $32,000 and ending accounts receivable of $2,800 for the current period. Its days' sales uncollected equals: a. 8 days b. 88 days c. 33 days d. 1-day e. 32 days

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
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Chapter7: Budgeting
Section: Chapter Questions
Problem 9PA: Fitbands estimated sales are: What are the balances in accounts receivable for January, February,...
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The company had net sales of $32,000 and ending
accounts receivable of $2,800 for the current period. Its
days' sales uncollected equals:
a. 8 days
b. 88 days
c. 33 days
d. 1-day
e. 32 days
Transcribed Image Text:The company had net sales of $32,000 and ending accounts receivable of $2,800 for the current period. Its days' sales uncollected equals: a. 8 days b. 88 days c. 33 days d. 1-day e. 32 days
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