Examlex

Solved

At the End of the First Year,the Treadwell Tire Company

question 75

Multiple Choice

At the end of the first year,the Treadwell Tire Company had accounts receivable of $67,900 and at the end of the second year the company had accounts receivable of $72,400.If the company's net sales revenue during the second year was $876,875,the receivables turnover ratio for the second year was:


Definitions:

Bushels

A unit of volume that is used in the United States for measuring agricultural products, such as grains.

Marginal Product

The increase in output resulting from a one-unit increase in the amount of a single input used, holding all other inputs constant.

Total Product Curve

A graphic representation showing how the total quantity of output of a firm changes as the quantity of an input is changed, holding all other inputs constant.

Marginal Product

The increase in output that results from adding one more unit of a specific input, holding all other inputs constant.

Related Questions