[The Following Information Applies to the Questions Displayed Below

question 21

Multiple Choice

[The following information applies to the questions displayed below.]
Given below are comparative balance sheets and an income statement for Claret Corporation.
All sales were made on account.Cash dividends declared during the year totaled $11,492.
-Claret Corporation's accounts receivable turnover for 2018 is:

• A)4.6 times.
• B)2.9 times.
• C)5.4 times.
• D)68 days.

Understand the use of digital tools to provide equal access to resources and information for all team members.

Recognize the integration of multiple communication channels and capabilities into unified communication for effective collaboration.

Identify effective meeting management and documentation strategies.

Understand the distinction between constructive and destructive feedback and the role of feedback in collaboration.

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Definitions:

Disposable Income

Disposable income is essentially the finance available for individuals or families to save or expend after all income tax charges have been subtracted.

Autonomous Consumption

Consumer spending that does not depend on current income, influenced instead by factors like wealth and basic needs.

Autonomous Consumption

The level of consumption that occurs when income is zero, representing the expenditures needed to meet basic needs.

Disposable Income

The available sum for households to allocate on spending and saving post the deduction of income taxes.