Leary Corporation Had Net Credit Sales During the Year of $1,200,000

question 33

Multiple Choice

Leary Corporation had net credit sales during the year of $1,200,000 and cost of goods sold of $720,000.The balance in accounts receivable at the beginning of the year was $120,000 and at the end of the year was $180,000.What was the accounts receivable turnover?

• A)8.0
• B)10.0
• C)6.7
• D)4.8

Understand and perform conversions between mixed numbers and improper fractions.

Calculate unit values and perform simple financial calculations.

Understand the concept and significance of brand communities and communities of practice in social media.

Identify the advantages and disadvantages of user-generated content sites, RSS feeds, and curation sites.

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Definitions:

Ependymal Cells

Glial cells that line the ventricles in the brain and the central canal of the spinal cord, involved in the production of cerebrospinal fluid.

Oligodendrocytes

Oligodendrocytes are glial cells in the central nervous system that produce myelin, a substance crucial for the insulation of nerve fibers.

Voltage-Gated

Refers to ion channels that open or close in response to changes in membrane potential, critical for nerve impulse conduction.

Node of Ranvier

Gaps in the myelin sheath of nerve fibers where the axonal membrane is exposed, facilitating rapid signal conduction along the neuron.