The Following Information Is Available for Charles Company The Accounts Receivable Turnover for 2014 Is
A) 1

question 38

Multiple Choice

The following information is available for Charles Company: $\begin{array}{lrr}&2014&2013\\\text { Accounts receivable } & \$ 460,000 & \$ 500,000 \\\text { Inventory } & 340,000 & 420,000 \\\text { Net credit sales } & 2,470,000 & 1,400,000 \\\text { Cost of goods sold } & 1,860,000 & 1,060,000 \\\text { Net income } & 300,000 & 170,000\end{array}$ The accounts receivable turnover for 2014 is

• A) 1.6 times.
• B) 5.4 times.
• C) 5.1 times.
• D) 3.9 times.

Explain the propinquity effect and how proximity influences relationship formation.

Understand the concept of social allergy effect and its implications in relationships.

Describe the role of similarity and familiarity in interpersonal attraction and friendship.

Analyze the effects of one-sided or unrequited feelings on interpersonal dynamics.

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Definitions:

Balance Sheet Classification

The organization of assets, liabilities, and shareholders' equity in a company's balance sheet according to standards and principles of accounting.