A Company Has a Receivables Turnover of 10 Times

question 39

Multiple Choice

A company has a receivables turnover of 10 times.The average receivables during the period are $500,000.What is the amount of net credit sales for the period?

• A)$50,000
• B)$5,000,000
• C)$500,000
• D)Cannot be determined from the information given

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Definitions:

Crystallization

A process where a substance forms a crystalline structure from a liquid or a solution, often encountered in chemical and material sciences.

Tempered Frame Rail

A frame rail (part of a vehicle's chassis structure) that has undergone tempering, a heat treating process to increase its toughness.

Yield Strength

The amount of stress at which a material begins to deform permanently, a critical property for determining a material's durability and suitability for certain applications.

Resist Bend Moment

This describes the resistance offered by a structure or material against bending forces, a key consideration in engineering to ensure structural integrity.