Accounts Receivable Turnover Is Calculated by

question 99

Multiple Choice

Accounts receivable turnover is calculated by

• A)Dividing net sales by average accounts receivable
• B)Dividing net sales by average accounts receivable and multiplying by 365
• C)Dividing average accounts receivable by net sales
• D)Dividing average accounts receivable by net sales and multiplying by 365
• E)Dividing profit by average accounts receivable

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Definitions:

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of data points around the mean.

Standard Error of Measurement (SEM)

A statistical measure that reflects the amount of error in the scores of a test, indicating how much measured test scores are expected to fluctuate around a true score.

T Score

A standardized score with a mean of 50 and a standard deviation of 10, often used in psychological and educational testing to compare an individual's test performance with a norm group.

Test-Retest Reliability

Giving the test twice to the same group of people and then correlating the scores of the first test with those of the second test to determine the reliability of the instrument.