How is the receivables turnover ratio measured? What does this ratio indicate? Is a higher or lower receivables turnover preferable?
What will be an ideal response?
The receivables turnover ratio equals net credit sales divided by average accounts receivable. The ratio shows the number of times during a year that the average accounts receivable balance is collected (or "turns over"). Typically, a higher ratio is a good indicator of a company's effectiveness in managing receivables.
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Answer the following statement true (T) or false (F)
A discharge by performance may not occur through
a. substantial. b. full performance. c. tender of performance. d. rescission.
The following method provides for continually transferring files to inactive storage as a project or case is completed
A) Periodic B) Inactive transfer C) Perpetual D) None of these.
A(n) _____ is a collection of binary digits, including message data and control characters for formatting and transmitting, sent from computer to computer over a network
Fill in the blank(s) with correct word