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

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Definitions:

Actual Harmfulness

The tangible or measurable damage or negative impact caused by an action, behavior, or substance.

Informal Punishment

Punitive actions or responses that occur outside formal judicial or institutional frameworks, often within social groups or communities.

Social Diversions

Are minor acts of deviance that are generally perceived as relatively harmless. They evoke, at most, a mild societal reaction, such as amusement or disdain.

Cultural Definitions

The meanings, values, and norms that a society or group attaches to certain behaviors, phenomena, or symbols.