For a zero-growth firm, it is possible to increase the percentage of sales that are made on credit and still keep accounts receivable at their current level, provided the firm can shorten the length of its collection period sufficiently.
Answer the following statement true (T) or false (F)
True
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When preparing content for mobile devices, a(n) ________ will help leadership easily locate key variables and other report content
A) intranet B) hard copy report C) email D) chart or graph E) executive dashboard
Potion Corporation acquires 30% of the outstanding voting common shares of the Formula Corporation for $600,000 . Potion Corporation acquires the investment in Formula Corporation by buying previously issued shares of Formula Corporation from other investors. Between the time of the acquisition and the end of Potion Corporation's next accounting period, Formula Corporation reports earnings of
$80,000; and pays a dividend of $30,000 to holders of its common stock. Formula Corporation reports earnings of $100,000 and pays dividends of $40,000 during the subsequent accounting period. During the next accounting period, Potion Corporation sells one-fourth of its investment in Formula Corporation for $165,000 . After the sale, the balance in the Investment in Stock of Formula Corporation account is: a. $462,750 b. $465,750 c. $474,750 d. $481,750 e. $486,750
If the buyer is to pay the freight costs of delivering merchandise, delivery terms are stated as
A) FOB shipping point B) FOB destination C) FOB n/30 D) FOB buyer
Which of the following industries is least likely to use direct labor hours as a cost driver?
a. A pharmaceutical Company b. An automobile company c. A construction company d. An automated manufacturing concern