Flax Had Net Sales of $7,875 and Its Average Accounts

question 165

Essay

Flax had net sales of $7,875 and its average accounts receivables is $1,250. Calculate Flax's accounts receivable turnover:

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Definitions:

Demand-Oriented

An approach focused on meeting customer demand, often involving strategies that adjust production and pricing based on consumer needs and preferences.

Geographical Adjustments

Modifications or variations to strategies, products, or promotions to accommodate differences in geographic regions or markets.

Cumulative Quantity Discounts

Price reductions applied to purchases over time, rewarding customers for buying larger quantities or for repeat business.

Promotional Allowances

Discounts or financial incentives offered to retailers or distributors to encourage the promotion or sale of a product.