Take a Quiz/Test x y @ Take a Test-zakla opianl × INVESTMENT-LECTURE 1-). O Chap

Question

Take a Quiz/Test x y @ Take a Test-zakla opianl × INVESTMENT-LECTURE 1-). O Chapter 5 Lecture-Part 1-vx C | e Secure l https://www.mathsl.com/Student/PlayerTest.aspx?testid=176891558&centerwin-ves; BUSAC 186-2561 MW 10-11:50AM zakla opiani | 3/9/18 7:23 AM Quiz: Chapter 5 Quiz Time Remalning: 01:28:51 Submit Quiz This Question: 1 pt 14 of 22 (0 complete This Quiz: 25 pts possible Robin's Nest had net credit sales for the current period of S500,000 and average net recevables were $40,000. What is Rcbin's Nests average daily sales? (Use a 365-day year for your calculations. Round your final answer to the nearest OA $13 O B. $110 OC. $1.3m D. $29 Click to select your answer

Explanation / Answer

C. $1,370

Average daily sales = Net sales for current period / 365

Average daily sales = $500,000 / 365

Average daily sales = $1,370

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