Question 24 Answer saved Marked out of 1.00 F Flag question Days' sales in receivables is the ratio of average net accounts receivable to one day's sales. Select one: O True O False Question 25 Answer saved Marked out of 1.00 Flag question The following information is from the 2013 records of Armadillo Camera Shop: $20,000 (debit) 600 (debit) Accounts receivable, December 31, 2013 Allowance for uncollectible accounts, December 31, 2013 prior to adjustment Net credit sales for 2013 Accounts written off as uncollectible during 2013 Cash sales during 2013 95,000 7,0001 27,000 Uncollectible accounts expense is estimated by the aging-of-accounts receivable method. Management estimates that $2,850 of accounts receivable will be uncollectible. Which of the following will be the balance of the Allowance for uncollectible accounts after adjustment? Select one: O A A. $2,250 O B. $2,850 OC. $3,450 OD. $7,000 Clear my choice Question 26 Answer saved Marked out of 1.00 p Flag question The acid-test ratio is also known as the quick ratio. Select one: : O True O False