A draft acts as:
a. a negotiable document of title.
b. a substitute for money.
c. a financing device.
d. Both b and c
d
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Based on the following data, what is the accounts receivable turnover? Sales on account during year $700,000 Cost of merchandise sold during year 270,000 Accounts receivable, beginning of year 45,000 Accounts receivable, end of year 35,000 Inventory, beginning of year 90,000 Inventory, end of year
a. 17.5 110,000 b. 2.6 c. 20.0 d. 15.5
According to the "do's" of question wording, a question should be:
A) focused B) grammatically simple C) brief D) crystal clear E) all of the above
In which of the following cases is little or no test marketing most likely recommended for a new product?
A) when the product requires a major investment B) when management is unsure of the projected demand for the product C) when the risks associated with introducing the product are high D) when management is unsure of the marketing program for the product E) when the costs of developing and introducing the product are low
What benefit created by the U.S. Congress is intended to encourage charitable giving?
A. income tax deductions for gifts B. removal of limitations on lobbying C. receiving a 501(c)(1) classification D. receiving free health-care vouchers in exchange for gifts