Bill's Dollar Store Had a Balance in the Accounts Receivable

question 3

Multiple Choice

Bill's Dollar Store had a balance in the Accounts Receivable account of $760,000 at the beginning of the year and a balance of $840,000 at the end of the year. Net credit sales during the year amounted to $6,400,000. The accounts receivable turnover was

• A) 7.6 times.
• B) 8.4 times.
• C) 8.0 times.
• D) 4.0 times.

---

Definitions:

Ecotone

A transitional area between two or more distinct ecological communities, exhibiting characteristics of both and often rich in species diversity.

Successional Area

An ecological region undergoing succession, a process of ecological change where one community of organisms gradually replaces another.

Fundamental Niche

The full range of environmental conditions and resources an organism can theoretically use without the influence of competition or predators.

Realized Niche

The actual environmental conditions under which an organism lives, including factors like habitat, resources, and competitors, as opposed to potential living spaces.