Fracus Company Had $100,000 in Sales on Account Last Year

question 62

Multiple Choice

Fracus Company had $100,000 in sales on account last year.The beginning accounts receivable balance was $14,000 and the ending accounts receivable balance was $16,000.The company's accounts receivable turnover was closest to:

• A) 3.33 times.
• B) 6.25 times.
• C) 6.67 times.
• D) 7.14 times.

Acknowledge the complexity and challenges of managing a supply chain.

Learn about the role and impact of regulatory bodies and policies on distribution channels.

Understand risk management in the distribution process.

Appreciate the integration of marketing channels with the overall marketing strategy.

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Definitions:

Double-loop Learning

is a concept where learning involves questioning and adjusting one's underlying assumptions and beliefs, not just actions.

Single-loop Learning

A process of learning that focuses on using feedback to make minor adjustments and corrections without questioning or altering the underlying policies or objectives.

Team Longevity

The duration for which a team has been together, affecting its cohesion, effectiveness, and performance.

Inert Knowledge

Information that individuals possess but are unable to apply in practical situations or problem-solving contexts.