Quickcom Has Net Sales of $135,000 and Average Accounts Receivable

question 164

Multiple Choice

Quickcom has net sales of $135,000 and average accounts receivable of $67,000. What is the accounts receivable turnover for the period?

• A) 1,825.
• B) 2.
• C) 73.
• D) 20.
• E) 25.

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Definitions:

Average Total Costs

The per unit cost of production, calculated by dividing the total cost of production by the number of units produced.

Total-Cost Curve

A graph that depicts the total cost of producing different quantities of a good or service, considering both fixed and variable costs.

Increasing Rate

Describes a situation where a quantity or metric, such as inflation, interest rates, or population, is growing over time.

Variable Cost

A cost that changes in proportion to the level of output or activity.