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A Company Has a Receivables Turnover of 15 Times

question 70

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A company has a receivables turnover of 15 times.The average net receivables during the period are $430,000.What is the amount of net credit sales for the period?


Definitions:

Licensure Exam

A standardized test required in many professions to ensure competence and to officially grant permission to practice in that field.

National Mean

A statistical average that represents typical or average performance or measurements across a nation.

Mean

The average of a set of numbers, calculated by adding them together and dividing by the number of values.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values from the mean.

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