A Company Has a Accounts Receivable Turnover of 10 Times

question 214

Multiple Choice

A company has a accounts receivable turnover of 10 times. The average accounts receivable during the period are $400000. What is the amount of net credit sales for the period?

• A) $40000
• B) $4000000
• C) $400000
• D) Cannot be determined from the information given

Understand the legal and financial implications of home buying and selling processes, including contracts, inspections, and the role of PMI.

Recognize strategies for personal investment in a home, including sweat equity and improvements for resale.

Comprehend the process and importance of pre-qualification for mortgages.

Understand the factors influencing housing choices, including lifestyle, market rates, and the impact of improvements.

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Definitions:

Object

An entity, real or abstract, about which data can be stored and procedures can be executed in computer science, or any tangible thing in general use.

Topic

A subject or theme of discussion, interest, or study.

Photo Colors

Refers to the hues, saturation, and brightness levels present in a photograph which can be adjusted during editing for various effects.

Brown

A dark tertiary color which is a composite of red, black, and yellow, often associated with earth and nature.