Selected Data Pertaining to Lore Co

question 137

Multiple Choice

Selected data pertaining to Lore Co. for the calendar year 20X4 is as follows: The accounts receivable turnover for 20X4 was 5.0 times. What were Lore's 20X4 net credit sales?

• A) $105,000
• B) $107,000
• C) $110,000
• D) $210,000

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Definitions:

Script

General remembered outline of a familiar, repeated event, used to guide behavior.

Implicit

Implied or understood without being stated directly.

Pail

A cylindrical container with a handle used for carrying liquids or other materials.

Beach

A landform alongside a body of water which consists of loose particles, such as sand, gravel, stones, or cobblestones.