Question
The interest accrued on $3,600 at 7% for 60 days is A. $42 B. $36 C. $252 D. $180 A company has net sales of
- The interest accrued on $3,600 at 7% for 60 days is
| A. | $42 | |
| B. | $36 | |
| C. | $252 | |
| D. | $180 |
A company has net sales of $870,000 and average accounts receivable of $174,000. What is its accounts receivable turnover for the period?
| A. | 0.20 | |
| B. | 20.0 | |
| C. | 73 | |
| D. | 5.00 |
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Financial Accounting
Authors: W. Steven Albrecht, James D. Stice, Earl Kay Stice, K. Fred Skousen, Albrecht S.E.
8th Edition
0324066708, 978-0324066708
