At the Beginning of the Year,Vici Ventures Had Accounts Receivable

question 82

Multiple Choice

At the beginning of the year,Vici Ventures had accounts receivable of $220,000.At the end of the year,the company had accounts receivable of $340,000.During the year,Vici had total sales of $1,000,000,70% of which were credit sales.What was Vici's receivables turnover ratio for the year?

• A)2.50.
• B)3.57.
• C)2.94.

Recognize the symptoms and remedies for alcohol hangovers.

Understand the legal blood alcohol limits related to driving and the impact of alcohol on driving skills.

Comprehend the process and factors affecting alcohol absorption and metabolism.

Identify the social behaviors and potential negative consequences of alcohol consumption.

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Definitions:

R-Squared

A statistical measure that represents the proportion of the variance for a dependent variable that's explained by an independent variable or variables in a regression model.

Dependent Variable

A variable in an experiment or study whose changes depend on the manipulation of one or more independent variables.

Independent Variable

An independent variable is a condition or factor that can be manipulated in an experiment to determine its effect on a dependent variable, establishing cause-and-effect relationships.

Break-Even Analysis

A financial calculation to determine the volume of production or sales at which total revenues will equal total costs.