Apple Company had terms of net 60 days for customers. The number of days' sales in accounts receivable for Apple was 42 days. Apple is efficient in the collection of its receivables
a. True
b. False
Indicate whether the statement is true or false
True
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A machine that was purchased for $110,000 has accumulated depreciation of $70,000. The business exchanges the machine for a new one. The new machine has a market value of $140,000, and the business pays $110,000 cash. Assume the exchange has commercial substance. This exchange results in a ________.
A) gain of $10,000 B) gain of $5000 C) loss of $10,000 D) loss of $40,000
If the average daily demand rate is 50 units per day and the lead time is 3 days, then the reorder point is ______.
A. 50/3 (i.e., about 17 units) B. 50 x 3 (i.e., 150 units) C. 503 (i.e., 125,000 units) D. 50 units
About one third of the highway repaving project ____ completed
A) is B) are
Preferred stockholders generally have no voting rights in a corporation.
Answer the following statement true (T) or false (F)