menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting Information for Decisions
  4. Exam
    Exam 7: Reporting and Analyzing Receivables
  5. Question
    During a Given Year,a Company Had Net Sales of $500,000
Solved

During a Given Year,a Company Had Net Sales of $500,000

Question 89

Question 89

True/False

During a given year,a company had net sales of $500,000 and average accounts receivable of $80,000.Its accounts receivable turnover is equal to 6.25.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q84: Temper Company has credit sales of $3.10

Q85: The formula for computing interest on a

Q87: According to GAAP,the amount of bad debt

Q88: Match each of the following terms with

Q90: The party who borrows money and signs

Q91: On May 31,a company had a balance

Q92: A company receives a 7.5%,six-month note for

Q94: A company ages its accounts receivables to

Q155: When using the allowance method of accounting

Q201: Sellers generally prefer to receive notes receivable

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines