The Accounts Receivable Turnover Measures

question 137

Multiple Choice

The accounts receivable turnover measures

• A) how frequently during the year the accounts receivable are converted to cash
• B) the number of days of accounts receivable outstanding
• C) the fair market value of accounts receivable
• D) the efficiency of the accounts payable function

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Definitions:

Tip-Of-The-Tongue

A cognitive phenomenon where a person cannot fully retrieve a word but has a partial recall or feels that retrieval is imminent.

Memory Aids

Tools or techniques used to enhance or improve the ability to remember information.

Recall

The ability to retrieve and access information from one's memory that has been previously learned or experienced.

Spelling

The process or activity of writing or naming the letters of a word in the correct order.