The Accounts Receivable Turnover Is Computed by Dividing

question 199

Multiple Choice

The accounts receivable turnover is computed by dividing

• A) total sales by average net accounts receivable.
• B) net credit sales by average net accounts receivable.
• C) total sales by ending net accounts receivable.
• D) net credit sales by ending net accounts receivable.

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Definitions:

Work Opportunity Act

Legislation aimed at increasing job opportunities and ensuring workforce development by providing funding and support for employment training and education programs.

Laffer Curve

An economic theory proposing there exists a tax rate at which government revenue is maximized, suggesting that both higher and lower tax rates can lead to decreased revenue.

Fiscal Policy

The use of government spending and tax policies to influence economic conditions, including economic growth, inflation, and unemployment.

Monetary Policy

A strategy by which a central bank controls the supply of money in an economy, often targeting interest rates to achieve economic stability or growth.