Evaluate the Sum Using the Summation Formula and Property $\sum _ { i = 1 } ^ { 60 } 7$

question 14

Multiple Choice

Evaluate the sum using the summation formula and property. $\sum _ { i = 1 } ^ { 60 } 7$

• A)410
• B)400
• C)420
• D)430
• E)440

---

Definitions:

Current Liabilities

Short-term financial obligations that are due to be paid within one year, such as accounts payable, short-term loans, and taxes owed.

Accounts Receivable Turnover

A measure of the liquidity of accounts receivable; computed by dividing net credit sales by average net accounts receivable.

Net Credit Sales

The total amount of sales made on credit, minus any returns or allowances.

Accounts Receivable

Amounts owed to a company by its customers for goods or services delivered on credit.