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29 December, 06:21

The number of days' sales in receivables A. is an estimate of the length of time the receivables have been outstandingB. measures the number of times the receivables turn over each yearC. is Net Credit Sales divided by Average ReceivablesD. is not meaningful and therefore is not used

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  1. 29 December, 06:43
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    C. measures the number of times the receivables turn over each year

    Explanation:

    The result we would obtain from that division will be the number of times the accounts receivable rotate during the commercial year. To determine the days of sale receivable, or the average time the company must wait after determining a sale to receive cash, separate the days in the year between the rotation of accounts receivable
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Home » Business » The number of days' sales in receivables A. is an estimate of the length of time the receivables have been outstandingB. measures the number of times the receivables turn over each yearC. is Net Credit Sales divided by Average ReceivablesD.
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