Assuming a 365 Day Year,Bush Industries Calculated an Average of 47

question 80

Multiple Choice

Assuming a 365 day year,Bush Industries calculated an average of 47 days to collect its accounts receivable in 2015.During 2015,Bush's accounts receivable turnover rate:

• A)Was approximately 7.77.
• B)Was equal to 47 times its average accounts receivable.
• C)Was approximately 0.13.
• D)Can't be determined from this information alone.

---

Definitions:

Independent Variables

Variables in an analysis that are manipulated or categorized to determine their effect on dependent variables.

Variation

The measure of the spread or dispersion of a set of values in a particular dataset or sampling.

Coefficient of Determination

A measure used in statistical analysis that assesses the goodness of fit of a model.

Independent Variables

Variables in an experiment or study that are manipulated or changed to determine their effects on dependent variables.