Watins,Inc

question 16

Multiple Choice

Watins,Inc.'s 2015 income statement reported net sales of $5,000,000.Watin's average accounts receivable during 2015 amounted to $450,000.Using 360 days to a year,Watin's:

• A)Accounts receivable turnover rate is approximately 13.8 times.
• B)Accounts receivable turnover rate is approximately 1.25 times.
• C)Average number of days to collect an account receivable is 32 days.
• D)Accounts receivable turnover rate is approximately 2 times.

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Definitions:

Motivation

Accounts for the level, direction and persistence of effort expended at work.

Forces within

Internal factors or elements that influence the behavior, operation, or progress of an individual, group, or system.

Persistence of Effort

The sustained and continuous application of effort towards a goal despite challenges or obstacles.

Need Satisfaction

The fulfillment of a desire or requirement, especially as it pertains to consumer demands or employee expectations.