Using the Information Provided,what Is the Accounts Receivable Turnover for the Firm

question 46

Multiple Choice

Using the information provided,what is the accounts receivable turnover for the firm? Perfect Purchase Electronics
Selected Income Statement Items,2014
Cash Sales $1,500,000
Credit Sales $7,500,000
Total Sales $9,000,000
COGS $6,000,000
Perfect Purchase Electronics
Selected Balance Sheet Accounts
12/31/2014 12/31/2013 Change
Accounts Receivable $270,000 $240,000 $30,000
Inventory $125,000 $100,000 $25,000
Accounts Payable $110,000 $90,000 $20,000

• A)23.53 times
• B)29.41 times
• C)53.33 times
• D)60.00 times

Recognize the role of environment and genetics in human development.

Distinguish between different types of research designs and their purposes.

Understand the concepts of consent, assent, and the necessity for ethical treatment of research participants.

Know the strengths and limitations of naturalistic observation and self-reports.

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Definitions:

Empathy

The ability to understand and share the feelings of another person, fostering emotional connection and comprehension.

Altruism

The selfless concern for the well-being of others, often leading to actions that benefit someone other than oneself.

Co-operation

The process of working together towards a common goal, often emphasizing mutual benefit and collaboration.

Reflection

Reflection involves thinking critically about one's own beliefs, actions, and their impacts, often leading to personal growth or change in perspective.