At the Beginning of the Year,Vici Ventures Had Accounts Receivable

question 135

Multiple Choice

At the beginning of the year,Vici Ventures had accounts receivable of $220,000.At the end of the year,the company had accounts receivable of $340,000.During the year,Vici had total sales of $1,000,000,70% of which were credit sales What was Vici's receivables turnover ratio for the year?

• A)2.50
• B)3.57
• C)2.94
• D)146 days

Compare and contrast economic systems, focusing on their theoretical foundations and practical implications.

Understand the impact of demographic trends on economic development in DVCs and IACs.

Recognize the role of agriculture in the economies of developing countries.

Analyze the effects of income distribution on savings and investment in DVCs.

---

Definitions:

IR Spectroscopy

An analytical technique that uses infrared light to study the vibrational and rotational movements of molecules, revealing structural and functional group information.

Pentane

A hydrocarbon compound with the molecular formula C5H12, consisting of five carbon atoms linked in a single chain.

Heptane

A straight-chain alkane with the formula C7H16, commonly used as a nonpolar solvent in laboratories.

IR Spectrum

An infrared spectrum, a graph displaying the absorption of infrared radiation by a substance at different frequencies, useful in identifying molecular structures.