The Following Data Exist for Conner Company $\begin{array}{lll}& 2010 & 2009 \\\text { Accounts Receivable } & \$ 80,000 & \$ 90,000 \\\text { Sales }& 533,000 & 410,500\end{array}$

question 62

Essay

The following data exist for Conner Company:
$\begin{array}{lll}& 2010 & 2009 \\\text { Accounts Receivable } & \$ 80,000 & \$ 90,000 \\\text { Sales }& 533,000 & 410,500\end{array}$ Calculate the receivable turnover and the average days' sales uncollected for 2010 .

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Definitions:

Marginal Benefit

The extra pleasure or benefit gained from the consumption of one more unit of a good or service.

Optimal Quantity

The quantity of a good or service that maximizes a firm's profits or an individual's utility, based on cost and benefit analysis.

Marginal Curve

A graphical representation of the marginal cost, marginal revenue, or marginal benefit of producing additional units of a good or service.

Marginal Cost

The extra expenditure involved in creating one additional unit of a product or service.