If a Function Decreases by 6% Each Year, Then the Yearly

question 3

Multiple Choice

If a function decreases by 6% each year, then the yearly decay factor is

• A) 1.06
• B) 6
• C) 0.06
• D) 0.94

---

Definitions:

Accounts Receivable Turnover

Accounts receivable turnover is a financial ratio that measures how many times a business can collect its average accounts receivable during a period, indicating the efficiency of credit and collection activities.