Alliance Software Began 2018 with Accounts Receivable of $115,000

question 154

Multiple Choice

Alliance Software began 2018 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 (rounded) for 2018?

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

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Definitions:

Sustainability

The ability to maintain or support a process continuously over time, often with a focus on minimizing negative environmental impacts.

AEIOU Model

A framework used in design thinking and ethnographic research, focusing on Activities, Environments, Interactions, Objects, and Users.

Interactions

The ways in which individuals or groups act upon and influence each other, often crucial in social and professional environments.

Design Challenge

A problem or project requiring innovative and creative solutions through design principles.