• 2022-05-27
    The number of days' sales uncollected is calculated by:
    A: Dividing accounts receivable by net sales.
    B: Dividing accounts receivable by net sales and multiplying by 365.
    C: Dividing net sales by accounts receivable.
    D: Dividing net sales by accounts receivable and multiplying by 365.
    E: Multiplying net sales by accounts receivable and dividing by 365.
  • B

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    • 0

      (<br/>) is not reflected in the "cash received from selling goods and providing services" item in the following items A: Recovery of accounts receivable B: Accounts<br/>collected in advance C: The amount of VAT sales tax charged to the purchaser D: Receive the returned VAT

    • 1

      Net sales is calculated by A: subtracting cost of sales from sales. B: subtracting sales returns and sales discounts from sales. C: subtracting sales returns, cost of sales, and sales discounts from sales. D: subtracting gross profit from sales.

    • 2

      Which<br/>of the following accounts is NOT a liability? ( ) A: Accounts Payable B: Notes Payable C: Salaries Payable D: Accounts Receivable

    • 3

      If the net sales of a company is $2000, sales returns and allowances is $500 and sales discount is $250, the amount of net sales is : A: $1000 B: $1250 C: $1500 D: $1750

    • 4

      22.Receivables doesn’t include( ). A: accounts receivable B: notes receivable C: cash on hand D: other receivables