A Company Has an Accounts Receivable Turnover of 10 Times

question 138

Multiple Choice

A company has an accounts receivable turnover of 10 times. The average net accounts receivable during the period are ¥500,000,000. What is the amount of net credit sales for the period?

• A) ¥50,000,000
• B) ¥5,000,000,000
• C) ¥500,000,000
• D) Cannot be determined from the information given

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Definitions:

Disproportionately

In a way that is out of proportion or not in an equal or fair ratio relative to another quantity or measure.

Conflict Theory

Generally focuses on large, macro-level structures, such as the relations between classes. It shows how major patterns of inequality in society produce social stability in some circumstances and social change in others. It stresses how members of privileged groups try to maintain their advantages while subordinate groups struggle to increase theirs. It typically leads to the suggestion that eliminating privilege will lower the level of conflict and increase the sum total of human welfare.

Deviance

Behaviors or actions that violate societal norms or values, which can range from minor infractions to serious crimes.

Crime

Crime denotes acts that violate laws and are punishable by the state or other authority.