Parr Hardware Store Had Net Credit Sales of $6,500,000 and Cost

question 197

Multiple Choice

Parr Hardware Store had net credit sales of $6,500,000 and cost of goods sold of $5,000,000 for the year. The Accounts Receivable balances at the beginning and end of the year were $600,000 and $700,000, respectively. The receivables turnover was

• A) 7.7 times.
• B) 10.8 times.
• C) 9.3 times.
• D) 10 times.

---

Definitions:

Neurotransmission

The process by which signaling molecules called neurotransmitters are released by a neuron and cross the synaptic gap to reach the receptor site of another neuron.

Psychosurgery

Neurosurgery performed to alleviate manifestations of mental disorders that cannot be alleviated using psychotherapy, medication, or other standard treatments.

Psychological Distress

A term used to describe a range of symptoms and experiences of a person's inner life that are commonly held to be troubling, confusing, or out of the ordinary.

Severely Disabled

Describes individuals with profound physical or mental impairments that significantly hinder their ability to perform everyday activities.