Perez Company's Net Accounts Receivable Were $800,000 at December 31

question 43

Multiple Choice

Perez Company's net accounts receivable were $800,000 at December 31, 2014 and $880,000 at December 31, 2015. Net cash sales for 2015 were $520,000. The accounts receivable turnover for 2015 was 8.0. What were Perez's total net sales for 2015?

• A) $4,160,000.
• B) $6,720,000.
• C) $7,240,000.
• D) $6,200,000.

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Definitions:

General Social Survey

A sociological survey conducted in the United States to collect data on demographic characteristics and attitudes covering a wide range of subjects.

Doubt

A feeling of uncertainty or lack of conviction about something, which may lead to questioning beliefs, decisions, or the reliability of information.

Respondents

Individuals who answer or respond to surveys and questionnaires as part of research studies.

Durkheim's Theory

Emile Durkheim's sociological theory that focuses on how societies maintain order and cohesion, emphasizing the role of social norms, values, and institutions.