Alda Ltd's Accounts Receivable for Year Ended 30 June 2019

question 1

Multiple Choice

Alda Ltd's accounts receivable for year ended 30 June 2019 was $150 000. Cost of goods sold was $382 500 and the gross margin was 15 per cent. All sales are made on credit. What was the accounts receivable turnover?

• A) 2.55 times p.a.
• B) 2.93 times p.a.
• C) 2.8 times p.a.
• D) 3 times p.a.

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Definitions:

Visual Experience

The perception of sights or colors through the eyes, contributing to how we interpret and navigate the environment.

Perceptual Set

A mental predisposition to perceive one thing and not another.

Stereotypes

Overgeneralized beliefs about a particular group or category of people that can lead to prejudiced attitudes and behaviors.

Perceptual Adaptation

In vision, the ability to adjust to an artificially displaced or even inverted visual field.