Quickcom Has Net Sales of $135,000 and Average Accounts Receivable

question 309

Multiple Choice

Quickcom has net sales of $135,000 and average accounts receivable of $67,000.What is the accounts receivable turnover for the period?

• A)20
• B)73
• C)1,825
• D)2
• E)25

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Definitions:

Economic Realities

Refers to the actual conditions of the economic landscape, including factors like employment, inflation, and market dynamics, as experienced by individuals and communities.

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The experiences, norms, and values that define how individuals interact within their society.

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Individuals or groups that promote policies intended to improve human welfare and address issues of social justice.

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