A High Receivables Turnover Ratio Indicates

question 8

Multiple Choice

A high receivables turnover ratio indicates

• A) customers are making payments slowly.
• B) the company's sales are increasing.
• C) a large proportion of the company's sales are on credit.
• D) customers are making payments very quickly.

Analyze the influence of political spending and lobbying on elections and policy making.

Evaluate the significance of presidential elections and their outcomes on national and international policies.

Understand the complexities and consequences of American foreign policies in the Middle East.

Assess the role of race, ethnicity, and immigration in shaping American society and politics.

---

Definitions:

Labor Rate Variance

The difference between the actual cost of labor and the budgeted or expected cost of labor, often analyzed in cost accounting.

Labor Efficiency Variance

The difference between the actual hours worked and the standard hours expected to produce a certain level of output, multiplied by the standard labor cost per hour.

Direct Labor

Labor costs that can be directly traced to the production of specific goods or services.

Standard Costs

Predetermined costs for materials, labor, and overhead, used for budgeting and measuring performance.