With a Beginning Accounts Receivable Balance of $80,000;an Ending Accounts

question 6

Multiple Choice

With a beginning Accounts Receivable balance of $80,000;an ending Accounts Receivable balance of $120,000;and Sales of $900,000,the Accounts Receivable turnover is:

• A)9)00.
• B)8)89.
• C)22.22.
• D)13.33.

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Definitions:

Opportunity Costs

The cost of choosing one alternative over others, representing the benefits an individual, investor, or business misses out on when choosing one option over another.

Resource Shiftability

The flexibility with which resources can be shifted from producing one product to another in response to changing market demands.

Production Possibilities Curve

A graphical representation showing the maximum combination of goods or services that can be produced in a given time period with available resources.

Consumer Goods

Products and commodities bought and used by individuals and households for personal consumption.