Fess Hardware Store Had Net Credit Sales of $8500000 and Cost

question 18

Multiple Choice

Fess Hardware Store had net credit sales of $8500000 and cost of goods sold of $5000000 for the year. The Accounts Receivable balances at the beginning and end of the year were $600000 and $760000 respectively. The accounts receivable turnover was

• A) 7.4 times.
• B) 5.9 times.
• C) 11.2 times.
• D) 12.5 times.

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Definitions:

Nonmajority Unions

Labor unions that represent a subset of employees within a workplace or industry, rather than holding majority support among all workers.

Works Councils

Committees established within companies to represent employees, generally focusing on issues of workplace policy, conditions, and other work-related matters, more common in European labor models.

Unionism

Unionism is the movement or principle of organizing workers into unions for the purpose of protecting their rights and interests through collective bargaining.

Grassroots Efforts

Initiatives and movements that originate from the community level or from a group of concerned individuals aiming to bring about social or political change.