Bill's Dollar Store Had a Balance in the Accounts Receivable

question 122

Multiple Choice

Bill's Dollar Store had a balance in the Accounts Receivable account of $760,000 at the beginning of the year and a balance of $840,000 at the end of the year. Net credit sales during the year amounted to $6,880,000. The accounts receivable turnover was

• A) 8.2 times.
• B) 9.1 times.
• C) 8.6 times.
• D) 4.3 times.

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Definitions:

Organizational Citizenship

The voluntary commitment of employees to go beyond their contractual work requirements for the betterment of the organization.

Emotional Stability

The capacity to maintain equilibrium and manage emotions effectively, especially in stressful situations, reflecting maturity and resilience.

Cognitive Dissonance

The psychological discomfort experienced when holding two or more contradictory beliefs, ideas, or values at the same time.

Organizational Commitment

The psychological attachment or loyalty employees feel towards their organization, affecting their willingness to contribute to its success.