The Harvard College Observatory Computers from C

question 18

Multiple Choice

The Harvard College Observatory Computers from c. 1880 into the early 20th century were:

• A)the first digital computers.
• B)not much different than cash registers.
• C)functionally similar to the modern 4-function calculator.
• D)a group of women who made important contributions to astronomy.
• E)mechanically operated adding machines.

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Definitions:

Accounts Receivable Turnover

A financial ratio that measures how many times a company collects its average accounts receivable in a period.

Sales

The total amount of goods or services sold by a company, serving as a primary source of revenue.

Net Income

A company's overall earnings following the deduction of all expenses and taxes from its gross income.

Average Collection Period

The average number of days it takes for a company to collect receivables from its customers, indicating the efficiency of its credit policies.