If a Firm Has $400,000 in Credit Sales and $80,000

question 69

Multiple Choice

If a firm has $400,000 in credit sales and $80,000 in average accounts receivable, accounts receivable turnover is

• A) 32.
• B) 48.
• C) 0.20.
• D) 5.

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Definitions:

Flexibility

The ability to adapt to changes, challenges, or new requirements in one's environment or approach.

Amenities

Features and services that enhance the comfort, convenience, and enjoyment of individuals in a particular space or environment.

Home Office

A designated area within a person's residence where they conduct their professional activities.

Cost Cutting Measure

Strategies or actions undertaken to reduce expenses and improve efficiency within an organization or operation.