If Net Sales Total $50,000,beginning Accounts Receivable Was $10,000,and Ending

question 43

Multiple Choice

If net sales total $50,000,beginning accounts receivable was $10,000,and ending accounts receivable is 16,000,what is the receivables turnover?

• A)1.9 times
• B)3.1 times
• C)3.8 times
• D)5 times

Evaluate financial decisions involving amortized loans with monthly payments and compounded interest rates.

Apply financial formulas and tables to real-life financial planning and decision-making.

Analyze and complete amortization schedules for loans with fixed monthly payments.

Understand the impact of different compounding periods (monthly, quarterly, semiannually) on investments and loans.

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Definitions:

Corporation Names

Legal names under which corporations are registered to conduct business, required to be unique within the same jurisdiction.

Big Box

A big box refers to a large retail establishment, usually part of a chain, that offers a wide variety of merchandise in a single location, typically with a warehouse or department store design.

Nonprofit Corporation

An organization whose primary objective is to support an issue or matter of private interest or public concern for non-commercial purposes, without intending to generate profit for owners.

Transfer Rights

The legal ability to transfer one's interest or rights in a piece of property, asset, or contract to another party.