Accounts Receivable on January 1 Was $30,000 And,at the End

question 9

Multiple Choice

Accounts receivable on January 1 was $30,000 and,at the end of the year it was $50,000.Net credit sales were $200,000.Accounts receivable turnover is:

• A)2.5 times.
• B)4 times.
• C)5 times.
• D)6.67 times.

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Definitions:

Epithelial Cells

Cells that line the surfaces of the body, including the skin, blood vessels, urinary tract, and organs, serving as a barrier and involved in absorption and secretion.

Connective Tissue

Tissue that supports, binds together, and protects organs, including blood, bone, and cartilage.

Blood

A fluid in the bodies of humans and other animals that delivers necessary substances such as nutrients and oxygen to the cells and transports metabolic waste products away.

Evolutionary Constraints

Limitations on the course or outcome of evolutionary changes; these can be due to physical, genetic, or environmental factors.