A company had net sales of $550,000 and an average accounts receivable of $110,000. Its accounts receivable turnover equals 5.0.
Answer the following statement true (T) or false (F)
True
Accounts Receivable Turnover = Net Sales/Average Accounts Receivable
Accounts Receivable Turnover = $550,000/$110,000 = 5.0
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The Human Resources department of French Quarter Seafood conducted a training workshop on setting and achieving organization goals. Alex, the store manager of the New Orleans location, has been working with his managers to set objectives that are clearly defined, focused on achieving specific results, and can be accomplished with a given amount of resources. Which aspect of SMART goals is missing?
A. Goals should be stated in specific rather than vague terms. B. Whenever possible, goals should be measurable, or quantifiable. C. Goals should be challenging, of course, but above all they should be realistic and attainable. D. Goals should be results-oriented. E. Goals should specify the target dates or deadline dates when they are to be attained.
Par value is the minimum cushion of capital established for the protection of
a. investors (stockholders). b. management. c. creditors. d. all of these.
U.S. GAAP view investments of less than 20 percent of the voting stock of another company as
a. minority, passive investments. b. minority, active investments. c. majority, passive investments. d. majority, active investments. e. a controlled entity.
Marketers are most likely to recognize an action as unethical when:
a. there is a greater degree of agreement among managerial peers that the action is harmful. b. there is a long time gap between the action and the onset of negative consequences. c. fewer individuals in the organizations are likely to get affected by the action. d. top managers exercise little control over the organizational culture.