If Dana Dairy Products has credit terms which specify that accounts receivable should be paid in 25 days, the average collection period ________ since 2012. (See Table 3.2)
A) has deteriorated
B) has remained the same
C) has improved
D) cannot be determined
A
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On January 1 . 2011, Caravanos Company purchased for $320,000 a machine with a useful life of ten years and no salvage value. The machine was depreciated by the double-declining-balance method, and the carrying amount of the machine was $204,800 on December 31 . 2012 . Caravanos changed to the straight-line method on January 1 . 2013 . Caravanos can justify the change. What should be the
depreciation expense on this machine for the year ended December 31 . 2014? a. $20,480 b. 25,600 c. 32,000 d. 52,480
The asset turnover ratio is computed as:
a. net operating income divided by average operating assets. b. average operating assets divided by sales. c. sales divided by average operating assets. d. net operating income divided by sales.
Ace, Inc. had the following transactions during June:
Performed services for $5,000 on account; received cash on account, $7,000; paid $600 for repair expense; paid $2,000 to a supplier that it owed from the previous month What is the combined effect on Cash of the June transactions? A) $4,400 increase B) $4,400 decrease C) $7,000 increase D) $2,600 decrease
If MTBF represents mean time between failures, and MTTR represents mean time to repair, then availability is given by ______.
a. MTBF / MTTR b. MTBF / (MTBF + MTTR) c. MTBF / (MTBF – MTTR) d. MTTR / MTBF