The qwalty ef recalvables refers to of sellers B) The C) The likelihood of D) Sales tumover E) The interest rate 0. The account receivable tamover measares: B) How often, on average C) The relation of cash sales to credit sales D) How long it takes to sell merchandise iventory E) All of the above. are received and collected during the period Leaming Objective: AI Tpays t sales of $370,000 and average A/R of $174,000. What is its accounts receivable turnover fortero A) 0.2 B) 5.0 C) 20.0 D) 73.0 E) 1,825 : Pl If the credit balance of the Allowance for Doubsful Accounts account exceeds the amount of a bad debt being writen entry to record the write-off against the allowance account results A) An increase in the expenses of the current period B) A 12. in current assets in equity D) No effect on the expenses of the current perioed vs: P2 The amourt of bad debt expense can be estimated by: A) The percent of sales method B) The percent of accounts receivable method. C) The aging of accounts receivable method. D) Only b and c. E) All of the above (a, b and c). 13- When the maker of a note honors a note this indicates that the note is: A) Signed B) Paid in full C) Guaranteed D) Notarized E) Cosigned 14. 15. A method of estimating bad debts expense that involves a detailed examination of outstanding accounts a past due is the: A) Direct write-off method B) Aging of accounts receivable method C) Percentage of sales method D) Aging of investments method E) Percent of accounts receivable method