Accounts Receivable Turnover Is Calculated by Dividing (Gross) Sales by the Average

question 21

True/False

Accounts receivable turnover is calculated by dividing (gross) sales by the average (gross) amount of accounts receivable.

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Definitions:

Owen

Robert Owen was a Welsh textile manufacturer, philanthropic social reformer, and one of the founders of utopian socialism and the cooperative movement.

Communitarianism

Social reform movement of the nineteenth century driven by the belief that by establishing small communities based on common ownership of property, a less competitive and more individualistic society could be developed.

Workers

Individuals engaged in manual labor or work for wages in a variety of fields, often considered the backbone of the economy; the term may refer to both skilled and unskilled labor.

Catholics

Followers of the Roman Catholic Church, the largest Christian church, led by the Pope and characterized by its traditions and beliefs in sacraments and apostolic succession.