Opportunistic buying generally relies upon negotiated contracts

Indicate whether the statement is true or false

True

Business

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________ is a projective technique in which respondents are presented with a number of incomplete sentences and asked to complete them

A) Word association B) Sentence completion C) Story completion D) Expression completion

Business

Accounts receivable turnover rate

During 2015, Larsen Company's accounts receivable averaged $750,000. Larsen's 2015 income statement reported net sales of $6,780,000, uncollectible accounts expense of $160,000, and net income of $768,000. (Assume 365 days in a year.) Using the information, compute the following for Larsen Company: (a) Accounts receivable turnover: (Round to the nearest two decimals.) (b) Average number of days to collect accounts receivable (Round to nearest day, if necessary): (Round to the nearest %.) What will be an ideal response?

Business