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:

Chunking

A memory technique that involves organizing information into manageable and meaningful groups or units to enhance recall.

Semantically

Relating to meaning in language or logic, especially in terms of the relationship between signifiers and what they stand for or represent.

Personally Meaningful

Pertaining to or having significance on a personal level, often invoking a sense of relevance or importance to an individual.

Working Memory

A cognitive system responsible for temporarily holding information available for processing and is important for reasoning and the guidance of decision-making and behavior.