Accounts Receivable Turnover Measures

question 54

Multiple Choice

Accounts Receivable Turnover measures

• A) how frequently during the year the accounts receivable are converted to cash
• B) the number of days of accounts receivable outstanding
• C) the fair market value of accounts receivable
• D) the efficiency of the accounts payable function

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Definitions:

Communications Facilities

Infrastructure and equipment used for the transmission, emission, or reception of signs, signals, writing, images, sounds, or information of any nature by wire, radio, optical, or other electromagnetic systems.

Industrial Plants

Facilities that contain machinery and equipment for manufacturing or processing goods and materials.

Lack of Infrastructure

Refers to the insufficiency or absence of physical and organizational structures and facilities required for the operation of a society or enterprise.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, often measured as the rate of increase in real GDP.