During the current accounting period, revenue from credit sales is $771,000. The accounts receivable balance is $52,480 at the beginning of the period and $62,200 at the end of the period. Which of the following statements is correct? a) The receivables turnover ratio is 12.9.
b) On average, it takes 12.9 days to collect payment from credit customers.
c) The receivables turnover ratio is 28.3.
d) On average, the company sells its inventory every 28.3 days.

Warby parker, a manufacturer of fashionable prescription eyewear, notes on its website, "warby parker was founded with a rebellious spirit and a loft objective: to offer designer eyewear at a revolutionary price, while leading the way for socially-conscious business." this excerpt from the company's website states warby parker's

Tara and her parents want to save at least $40,000 for college in 8 years. which statement describes the most effective savings plan for tara and her parents to meet their goal? tara and her parents should make deposits of $300 every month into a college savings account. tara and her parents should make deposits of $450 every month into a college savings account. tara and her parents should make deposits of $3,000 every year into a college savings account. tara and her parents should make deposits of $4,000 every year into a college savings account

You read the newspaper daily. lately, you have noticed more articles about increased tuition at various public and private colleges and universities. you draw the conclusion that all colleges and universities have increased tuition. which type of reasoning is this