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:

Competitive Advantage

The unique attributes or circumstances that allow an organization or country to produce goods or services at a lower price or in a more desirable fashion than competitors.

Corporate Culture

The shared values, beliefs, and practices that define the character and behavior of an organization and its employees.

Joint Industrial Councils

Bodies made up of representatives from both employers and employees in a particular industry, aimed at discussing and negotiating issues related to that industry.

Employee Voice

The way in which employees express their opinions and concerns about their work environment and contribute to decision-making processes within the organization.