A company that reports Accounts Payable of $60,100 and Cost of Goods Sold of $614,800, calculated days' payable outstanding of:
A. 35.7 days.
B. 26.0 days.
C. 10.4 days.
D. 43.5 days.
E. 38.1 days.
Answer: A
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Managers at Thomas Canyon Credit Union have given employees raises year after year based on what they had given the year before, even though now their employees were quite underpaid compared to similar positions with other credit unions. This is an example of a(n)
A. anchoring and adjustment bias. B. escalation of commitment bias. C. sunk-cost bias. D. availability bias. E. representativeness bias.
Which of the following elements is not part of the fraud triangle?
a. Vices b. Pressures c. Opportunities d. Rationalizations
Costs required to make or buy a product including taxes, insurance and warehousing space to store the goods are referred to as production costs.
Answer the following statement true (T) or false (F)
The implied warranty of habitability:
a. is a warranty that the land is well maintained. b. is a concept created by Congress to protect consumers who rent homes. c. requires leased premises to be fit for ordinary residential purposes. d. All of these.