If a company has annual credit sales of 345,279 and accounts receivable of 10,000, using a
365-day year, what is its Average Collection Period?
A) 34.43 days B) 10.57 days C) 27.40 days D) 94.59 days
B
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All of the following are advantages available to companies if a single set of accounting standards were used except:
a. A single set of worldwide accounting standards would have no effect on accounting fee costs. b. A single set of standards would make it much easier to decide whether to acquire a foreign company. c. A single set of worldwide accounting standards would facilitate comparisons for investment purposes. d. A single set of worldwide accounting standards would make it easier to access foreign capital markets
According to your text, what are the key trends supporting a company's focus on the triple bottom line?
A. Primarily sociocultural and natural resources B. Climate change and economics C. Poverty and the decline of government support D. Gen Y/Millenials and technology E. Progressive business and global warming
If a taxpayer has little cash and a very technical tax case about which she feels very strongly that the tax rules are "on her side," she should prefer to have her case tried in the U.S. Tax Court.
Answer the following statement true (T) or false (F)
Allen works as an autoworker in a production unit and is a member of an industrial union. When the workload increases and he loses his work-life balance, he simply leaves the organization to work in another that has fewer demands. As a member of a union, Allen follows the ________ mechanism.
A. negotiation B. exit C. voice D. closed shop E. checkoff