Logan Sales Provides the Following Information: Net Credit Sales: $790,000

question 174

Multiple Choice

Logan Sales provides the following information: Net credit sales: $790,000
Beginning net accounts receivable: $43,000
Ending net accounts receivable: $20,000
Calculate the accounts receivable turnover ratio. (Round your answer to the nearest whole number.)

• A) 18 times
• B) 25 times
• C) 40 times
• D) 37 times

---

Definitions:

Serial Position Effect

A cognitive phenomenon whereby items at the beginning and end of a list are more likely to be remembered than those in the middle.

Encoding Specificity Effect

The principle that recall is more effective when retrieval conditions are similar to the conditions under which information was encoded.

TOT Effect

The "Tip-of-the-Tongue" phenomenon, where a person cannot recall a specific word or term even though it feels just out of reach.

Serial Position Effect

A cognitive phenomenon where an individual tends to remember the first and last items in a series better than the middle items.