Alliance Software Began 2009 with Accounts Receivable of $115,000

question 57

Multiple Choice

Alliance Software began 2009 with accounts receivable of $115,000. All sales are made on credit. Sales and cash collections from customers for the year were $780,000 and $700,000, respectively. Cost of goods sold for the year was $450,000. What was Alliance's receivables turnover ratio for 2009?

• A)4.00.
• B)5.03.
• C)2.90.
• D)6.78.

Identify and understand stakeholders and their roles in an organization.

Grasp the principles of ethics in business with specific reference to corporate examples like Johnson & Johnson.

Understand biases and their impact on organizational decision-making and perceptions.

Comprehend the strategies and importance of workplace diversity through examples like Verizon.

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