Powers Company Reported Net Sales of $1,200,000 and Average Accounts

question 194

Multiple Choice

Powers Company reported Net Sales of $1,200,000 and average Accounts Receivable, net of $78,500. The accounts receivable turnover ratio is:

• A)0.65 times
• B)14.3 times
• C)28.6 times
• D)15.3 times
• E)16.3 times

Understand the process and steps involved in human resource planning.

Identify the purposes and benefits of realistic job previews.

Recognize the importance of job analyses in generating job descriptions and specifications.

Understand the roles and responsibilities in developing, maintaining, and planning for a quality workforce.

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Definitions:

Economic Growth

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

Consumer Goods

Items produced for personal consumption by the general public, including durable goods like vehicles and appliances, as well as non-durable goods such as food and beverages.

Business Firms

Organizations engaged in commercial, industrial, or professional activities, aiming to generate profits.

Production Possibilities Frontier

A graphical representation showing the maximum amount of two goods or services that can be produced within a given set of resources.