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Accounts receivable turnover is calculated by: Select one: a. Sales (cash and credit sales) divided by average net accounts receivable O b. Credit Sales divided
Accounts receivable turnover is calculated by: Select one: a. Sales (cash and credit sales) divided by average net accounts receivable O b. Credit Sales divided by average net accounts receivable. c. Accounts receivable turnover divided by 365 d. Average net accounts receivable divided by net credit sales App Inc. has the following: balance in the accounts receivable account $500,000; Bad debt expense balance $25,000 and the allowance for Doubtful accounts balance $50,000. The cash realizable value of App's receivables is? Select one: a. $450,000 b. $475,000 C. $425,000 d. $550,000
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