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:

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Organisms composed of multiple cells that live off and may harm their hosts, obtaining nutrients at the host's expense.

Scabies

Scabies is a contagious skin condition caused by tiny mites burrowing into the skin, leading to intense itching and a rash.

Lice

Parasitic insects that infest the hair and skin of humans and animals, causing itching and discomfort.

Direct Transfer

A method of electronically moving funds from one account to another without the need for paper checks or cash handling.