Gallego & Co

question 89

Multiple Choice

Gallego & Co. reported sales of $515,000 beginning net Accounts Receivable of $219,000 and ending net Accounts Receivable of $221,000. Gallego & Co.'s Accounts Receivable turnover is:

• A)2.33.
• B)2.34.
• C)2.35.
• D)1.17.

---

Definitions:

Scramble for Africa

The rapid colonization of Africa by European powers during the late 19th and early 20th centuries, driven by economic interests, political competition, and cultural motives.

J.A.Hobson

An English economist and social scientist best known for his critique of imperialism and his theory on the economic roots of imperialism.

Industrial Capitalism

An economic system characterized by private or corporate ownership of capital goods, production for profit, and the predominance of industrial manufacturing and finance.

Advances in Technology

Refers to the progressive developments and innovations in various fields such as science, engineering, and information technology that enhance capabilities and efficiency.