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:

D Score

A measurement used in psychology to quantify the difference in responses or behaviors under different conditions.

Critical Value

A threshold value in statistics, comparisons beyond which signify the difference is not due to chance at a specified significance level.

Test Statistic

A measurement derived from sample data employed in a hypothesis test to decide if the null hypothesis should be dismissed.

Degrees of Freedom

Refers to the quantity of independent ways by which a dynamic system can move without violating any constraint imposed on it.