The account receivable turnover measures:
A) How long it takes to sell accounts receivable to a factor.
B) How often, on average, receivables are received and collected during the period.
C) The relation of cash sales to credit sales.
D) How long it takes to sell merchandise inventory.
E) All of the options are correct.
B) How often, on average, receivables are received and collected during the period.
You might also like to view...
Excluding important negative information about a candidate in a recommendation letter
A) is expected—otherwise no one would be able to get a good job. B) has led some employers to sue after hiring the candidate and discovering problems. C) is the only way to prevent the candidate from suing you. D) is okay, as long as you explain to the candidate that you are doing it. E) is okay—as long as you add a release from liability clause to the letter.
________ is the last phase of the listening process.
A. Attending B. Responding C. Comprehending D. Hearing
Interim financial statements report a company's business activities for a one-year period.
Answer the following statement true (T) or false (F)
Mehreen is the owner/manager of a fudge factory in the popular resort of Lakeside. She is planning to go on vacation for a week and wants to make sure all the employees know that Juanita, the assistant manager, has legitimate power during the week. Lynn should ______ describing her plans.
a. send out a newsletter b. put a notice on the bulletin board in the backroom c. send out a memo, probably over e-mail d. send everyone a letter