A Company Has a Receivables Turnover of 15 Times

question 70

Multiple Choice

A company has a receivables turnover of 15 times.The average net receivables during the period are $430,000.What is the amount of net credit sales for the period?

• A) $430,000
• B) $6,450,000
• C) $6,000,000
• D) $500,000

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Definitions:

Social Technographics

A classification of people according to how they use social technologies, including creators, critics, collectors, joiners, spectators, and inactives.

Social Technographics

A classification approach of consumers based on their use of social technologies like blogs, social networking sites, and other web-based applications.