BBB Ltd Has Provided the Following Information from Its Financial

question 56

Multiple Choice

BBB Ltd has provided the following information from its financial statements for the year ended 30 June 2015.
$$\begin{array} { l r } \text { Sales (all on credit) } & \$ 1,900,000 \\\text { Gross profit on sales } & 900,000 \\\text { Net profit } & 150,000 \\\text { Cost of sales } & 1,000,000 \\\text { Inventory at end of year } & 200,000 \\\text { Accounts receivable at end of year } & 500,000\end{array}$$
The company trades 365 days per year.
-The number of times BBB's accounts receivable turned over for 2015 is:

• A) 5.0 times.
• B) 1.8 times.
• C) 3.8 times.
• D) 2.0 times.

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Definitions:

Personal Selling Process

A direct marketing approach involving personal interactions between a salesperson and a prospective buyer to close a sale.

Personal Selling Process

A face-to-face or direct marketing approach where sales representatives interact personally with customers to facilitate sales.

Preapproach Stage

A preparatory step in the sales process where the salesperson gathers relevant information about a potential customer before making contact.

Buying Role

Describes the activities and responsibilities of individuals or entities involved in purchasing decisions or transactions in various contexts.