If Average Accounts Receivable Is $35,000 and Net Sales Total

question 46

Multiple Choice

If average accounts receivable is $35,000 and net sales total $100,000,what is the receivables turnover?

• A)0.3 times
• B)0.4 times
• C)2.9 times
• D)126 times

---

Definitions:

Compensation Practices

The methods and strategies employed by organizations to determine and provide wages, salaries, and benefits to employees.

Department Managers

Individuals responsible for overseeing the operations, employees, and budgets of specific departments within an organization.

HR Department

The division within a company or organization that is focused on activities related to employees, including hiring, training, benefits, and workplace policies.

Centralized

A system or structure where decision-making authority is concentrated at a single point or in a single group, often within the upper levels of an organization.