y had net credit sales of $4,290,000 and cost of goods sold of $3,000,000 ccounts Receivable balances at the beginning and end of the year 48. LKN Compan were $600,000 and $700,000, respectively. The accounts receivable turnover ratio was A) 3.3 times. B) 6.1 times. C) 6.6 times. D) 7.2 times. 49. Mini Inc. is contemplating a capital project costing $47,019. The project will provide annual cost savings of $18,000 for 3 years and have a salvage value of $3,000. The company's required rate of return is 10%. The company uses straight-line depreciation. Present ValuePV of an Annuity on at 10 909 Year oflat 10% 909 .826 1.736 2.487 This project is A) acceptable because it has a positive NPV. B) unacceptable because it has a negative NPV C) acceptable because it has a zero NPV. D) unacceptable because it earns a rate less than 10%. 50. A company developed the following per-unit standards for its product: 2 pounds of direct materials at $4 per pound. Last month, 1,500 pounds of direct materials were purchased for $5,700. The direct materials price variance for last month was A) $300 unfavorable. B) S150 favorable. C) $5,700 favorable. D) $300 favorable. 51. Only direct materials, direct labor, and variable manufacturing overhead costs are considered product costs when using A) absorption costing. B) variable costing. C) product costing. D) full costing