The Following Information Pertains to Unique Company

question 63

Multiple Choice

The following information pertains to Unique Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. What is the accounts receivable turnover for this company?

• A) 2.8 times
• B) 2 times
• C) 3.4 times
• D) 3 times

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Definitions:

Indirectly Paid Presentation

A promotional activity where the audience is not explicitly aware that the presentation is being sponsored or paid for, often seen in product placements.

Nonpersonal Communication

Promotion or advertising activities where there is no direct face-to-face interaction between the sender and receiver.

Customized Interaction

A personalized approach to customer service and engagement that tailors the experience to meet the individual needs and preferences of each customer.

Direct Marketing

Direct marketing is a type of advertising that allows businesses to communicate straight to the customer through various mediums, including email, mail, phone, and in person.