ABC's Net Accounts Receivable Were $1,000 at December 31, 2013

question 10

Multiple Choice

ABC's net accounts receivable were $1,000 at December 31, 2013 and $1,200 at December 31, 2014.Net cash sales for 2014 were $400.The accounts receivable turnover for 2014 was 5.0.What were ABC's total net sales for 2014?

• A)$5,900
• B)$6,400
• C)$6,000
• D)$11,000
• E)None of these choices are correct

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Definitions:

Portfolio Difference

The distinct variations and diversifications in an investment portfolio that aim at minimizing risk and maximizing returns.

Alpha

A measure of investment performance on a risk-adjusted basis, representing the excess return of an investment relative to the return of a benchmark index.

Stock

A type of security that signifies ownership in a corporation and represents a claim on part of the company's assets and earnings.

Black-Litterman Model

A portfolio allocation model that combines expected returns based on equilibrium assumptions with the views of an investor.