The Accounts Receivable Turnover Is Needed to Calculate

question 1

Multiple Choice

The accounts receivable turnover is needed to calculate

• A)the average collection period in days.
• B)market risk.
• C)return on assets.
• D)current ratio.

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Definitions:

Express Warranty

An express warranty is a seller's promise or guarantee that a product will meet a specified level of quality and reliability.

Basis-of-the-Bargain Requirement

A legal principle emphasizing that a statement must have been a part of the reason a party was induced into a contract for it to be considered as warrantable.

Catalog

A systematic list of items, which may include books, products, or collections, usually with descriptive details.

Caveat Emptor

A Latin phrase meaning "let the buyer beware," indicating that the buyer assumes the risk about the quality of the goods being purchased.