XYZ's Receivables Turnover Is 4x

question 49

Multiple Choice

XYZ's receivables turnover is 4x. The accounts receivable at year-end are $600,000. The average collection period is 90 days. What was the sales figure for the year assuming all sales are on credit?

• A) $60,000
• B) $6,000,000
• C) $2,400,000
• D) $54,000,000

Identify appropriate physical examination techniques based on patient’s age, condition, and presenting symptoms.

Evaluate the importance and methods of pediatric assessment, including developmental history and risk factors for neonatal conditions.

Understand the need for and application of preventative health screenings across different age groups.

Assess and recognize signs of physical abuse and appropriate nursing responses.

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Definitions:

Sales Data

Information and statistics related to the sale of goods and services, used by businesses to analyze performance, forecast trends, and make strategic decisions.

Composite Unit

A measurement representing a combination of different but related items, often used in production or inventory management to simplify tracking and analysis.

Break-Even Point

The level of production or sales at which total revenues equal total expenses, resulting in neither a profit nor a loss.

Pretax Income

The amount of income earned by a business before tax is deducted, also known as earnings before tax (EBT).