A Company Had an Accounts Receivable Turnover Ratio of 8

question 102

Multiple Choice

A company had an accounts receivable turnover ratio of 8 and net sales of $600,000 for a given period.What was the average accounts receivable amount for this period?

• A)$4,800,000.
• B)$2,919.99.
• C)$205.48.
• D)$75,000.
• E)Average accounts receivable cannot be determined from this information.

Understand the importance of proper coolant mixture for freezing and boiling points.

Know the safety and environmental concerns related to refrigerants.

Recognize the various components inside a vehicle's HVAC system and their configurations.

Explain the significance of pressure and temperature relations in cooling systems.

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Definitions:

Formula Calculation

The process of determining a value through a mathematical expression that involves operations on numbers or other expressions.

Product Sold

A measure indicating the quantity of an item offered that has been purchased by consumers.

Quantity

A property that can exist as a multitude or magnitude, which can be measured or quantified.

Newsvendor Model

A mathematical model used to determine optimal inventory levels for products with uncertain demand and a limited selling period.