A Company Has Net Sales of $1,200,000 and Average Accounts

question 80

Multiple Choice

A company has net sales of $1,200,000 and average accounts receivable of $400,000.What is its accounts receivable turnover for the period?

• A)0.20
• B)5.00
• C)20.0
• D)73.0
• E)3.0

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Definitions:

Job-Specific Knowledge

The understanding and expertise that is directly relevant to performing a particular job role effectively.

Needs Analysis

The process of identifying and evaluating the needs of a particular project or organization to determine the necessary actions and resources for addressing those needs.

Training Techniques

Various methods used to transfer knowledge and skills to employees, including on-the-job training, classroom training, e-learning, simulations, and mentoring.

In-House

Refers to activities or operations conducted within a company by its own staff or resources, rather than being outsourced to external entities.