Accounts receivable turnover is calculated by dividing gross sales by the average gross amount of accounts receivable

A major disadvantage of the use of the U.S. Census of Retail Trade is its _____

a. lack of accuracy b. dated nature c. low credibility d. sampling error

An indirect cost rate is the percentage of a project's indirect costs to its direct costs and is a standardized method of charging individual projects for their share of indirect costs

Indicate whether the statement is true or false