Remington Corporation Had Accounts Receivable of $100,000 at 1/1

question 113

Multiple Choice

Remington Corporation had accounts receivable of $100,000 at 1/1. The only transactions affecting accounts receivable were sales of $750,000 and cash collections of $700,000. The accounts receivable turnover is

• A) 5.0.
• B) 5.5.
• C) 6.0.
• D) 7.5.

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Definitions:

Whiteness

A concept generally used to describe the social advantages that come with being perceived as white in a society.

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A principle that emphasizes equal rights and opportunities in participating in political activities and decision-making processes for all citizens.

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