Assume the following data: Sales = 3,200; Cost of goods sold = 1,600; Receivables = 200. Calculate the accounts receivable period.
A. 24.3
B. 45.6
C. 22.8
D. 137.0
Answer: C
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During the month of February, Victor Services had cash receipts of $7,500 and cash disbursements of $8,600. The February 28 cash balance was $1,800. What was the February 1 beginning cash balance?
A. $0. B. $4,300. C. $1,100. D. $2,900. E. $700.
Which of the following is not typically a role for the accountant in a system's implementation?
A. user B. programmer C. analyst D. consultant
Which example from the text best exemplifies how a stakeholder can effect a change that, in turn, affects other stakeholders?
A. the strong ethical stance taken by Johnson & Johnson executives B. an NGO raising concern about unequal pay of laborers C. Ford's introduction of the Edsel to compete with other cars D. Whole Foods' assertion of social responsibility for companies
Define formal and informal work groups.
What will be an ideal response?