Gallego & Co

question 97

Multiple Choice

Gallego & Co.reported sales of $515,000;beginning net Accounts Receivable of $212,000 and ending net Accounts Receivable of $224,000.Gallego & Co.'s Accounts Receivable turnover is:

• A)2)30.
• B)2)36.
• C)2)43.
• D)3)44.

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Definitions:

Variable Cost

Costs that vary directly with the level of production or output, such as raw materials and labor expenses.

Product-oriented Layout

An arrangement of resources in a production environment where machinery and equipment are organized according to the sequence of operations required to produce a particular product efficiently.

Sugar Beets

Sugar beets are a root vegetable typically cultivated in temperate climates for the production of sugar, containing a high concentration of sucrose.

Assembly Line Balancing

The process of assigning tasks to workstations, so that each has a similar amount of work and the production process is as efficient as possible.