The Accounts Receivable Turnover Is Computed by Dividing

question 68

Multiple Choice

The accounts receivable turnover is computed by dividing:

• A) total assets by average accounts receivable.
• B) net sales by average accounts receivable.
• C) net income by average accounts receivable.
• D) net purchases by average accounts receivable.

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Definitions:

Agricultural Act of 2014

A United States federal law that established policies for agricultural and food programs, often referred to as the 2014 Farm Bill.

Crop Insurance

A risk management tool that protects agricultural producers against loss of their crops due to natural disasters, such as flood, hail, drought, or loss in revenue due to declines in the prices of agricultural commodities.

Price Support

A government intervention mechanism to maintain the price of a commodity at a certain level by buying excess supply or offering subsidies.

Price-Support Program

Government interventions to maintain the market price of a commodity or product above its equilibrium level to support the income of producers.