Southeast jewelers inc. sells only on credit. its days sales outstanding is 73 days, and its average accounts receivable balance is $500,000. what are its sales for the year? assume a 365-day year.

$2,500,000

Explanation:

The computation of the sales amount is shown below:

= Average account receivable balance × total number of days in a year ÷ days sales outstanding

= $500,000 × 365 days ÷ 73 days

= $2,500,000

We simply apply the unitary method for this question that is shown above in the calculation part i.e multiplying the total number of days in a year by the average account receivable balance and then divided it by the days sales outstanding

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

answerproduct line length; product mix width;