Which of the Following Is Not a Feature of a Good

question 52

Multiple Choice

Which of the following is not a feature of a good index fossil?

• A) Numerous specimens found
• B) Occurrence limited to a few localities
• C) Easily identified species
• D) Limited time span of existence

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Definitions:

Accounts Receivable Turnover Calculation

A financial ratio that measures how efficiently a company collects revenue from its credit sales by dividing total net sales by the average accounts receivable during a period.

Credit Sales

Sales transactions where the customer is allowed to purchase goods or services on account, paying the seller at a later date.

Cash Sales

Transactions where goods or services are paid for and received at the time of sale, using cash or equivalent forms of payment.

Accounts Receivable Turnover Ratio

A financial metric that measures how efficiently a company collects cash from its credit sales by dividing net credit sales by the average accounts receivable during a period.