If the Net Credit Sales Are $850,000, Net Receivables for 2007

question 51

Multiple Choice

If the net credit sales are $850,000, net receivables for 2007 were $130,000, and $210,000 for 2008, which of the following is correct?

• A)Accounts turnover is 4.05.
• B)Collection period is 71 days.
• C)Accounts turnover is 5.00.
• D)Collection period is 75 days.

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Definitions:

Employer Invested

A situation where an employer allocates resources or capital into improving their workforce, technology, or infrastructure.

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An approach that does not involve long-term planning or competitive strategizing within a particular domain or industry.

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