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Flax Had Net Sales of $7,875 and Its Average Accounts

question 165

Essay

Flax had net sales of $7,875 and its average accounts receivables is $1,250. Calculate Flax's accounts receivable turnover:


Definitions:

Temporary Situation

A condition or state of affairs that is not permanent and is expected to change or end after a certain period.

Disposition

An individual's inherent qualities of mind and character.

Self-serving Bias

The tendency to attribute one's successes to internal factors and failures to external factors, protecting self-esteem.

Dispositional Reasons

Explanations for behavior that are attributed to an individual's inherent qualities or personality traits.

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