The Ward Company Has Provided the Following Information: • Net

question 77

Multiple Choice

The Ward Company has provided the following information: • Net sales totaled $750,000.
• Beginning net accounts receivable was $65,000.
• Ending net accounts receivable was $85,000.
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What was Ward's receivables turnover ratio?

• A)10.0
• B)8.8
• C)11.5
• D)5.0

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Definitions:

Bartlett

Refers to Frederic Bartlett, a British psychologist who made significant contributions to the study of memory and cognition, particularly regarding how people reconstruct past events and remember stories.

Schemata

Schemata are cognitive frameworks or concepts that help individuals organize and interpret information, based on their past experiences and knowledge.

Serial Reproduction

A method in psychological research where information is passed from one individual to another sequentially, often used to study how information changes or degrades over repeated transmissions.

Exhaustive Reconstruction

A detailed and comprehensive method of attempting to recreate or rebuild information or an event from memory in its entirety.