A Company Has an Accounts Receivable Turnover of 10

question 48

Multiple Choice

A company has an accounts receivable turnover of 10. The average net accounts receivable during the period are $900,000. What is the amount of net credit sales for the period?

• A) $90,000
• B) $9,000,000
• C) $900,000
• D) $990,000

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Definitions:

Schizotypal Personality Disorder

Chronic pattern of inhibited or inappropriate emotion and social behavior as well as aberrant cognitions and disorganized speech.

Psychoticism

A personality trait marked by aggressiveness, impulsivity, and a lack of empathy, often associated with risk for psychotic disorders.

Schizotypal Personality Disorder

An emotional disorder characterized by profound social phobia, cognitive disarray, feelings of persecution, dissociation from reality, episodic psychosis, and typically unorthodox beliefs.

African Americans

A term referring to citizens or residents of the United States who have full or partial ancestry from any of the black racial groups of Africa.