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

---

Definitions:

Aggregate Demand

The total demand for all goods and services in an economy at different price levels during a specific time period.

Aggregate Supply Model

An economic model that represents the total supply of goods and services that firms in an economy are willing and able to produce at a given overall price level.

Government Expenditures

Financial spending by the government which includes spending on goods and services, social welfare, public infrastructure, and defense.

Short Run

A period in economic theory during which at least one input (like capital) is fixed, contrasting with the long run where all factors of production are variable.