All of the following are true of the number of days' sales uncollected ratio except:
A) Is most effective in evaluating the cash sales of a company.
B) Can be used for comparisons to other companies in the same industry.
C) Can be used for comparisons between current and prior periods.
D) Reflects the liquidity of receivables.
E) Measures how much time is likely to pass before the current amount of accounts receivable is received in cash.
A) Is most effective in evaluating the cash sales of a company.
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During July2013 Ralston Company decides to dispose of one of its subsidiaries which qualifies for accounting as a discontinued operation. At the July2013 measurement date Ralston Company estimates that it will report net income of $300,0000 dollars from the measurement date until the disposal date which is expected to be in April 2014 In addition, Ralston estimates that it will lose 100,000 on
the sale of the segment. How much gain or loss on discontinued operations will Ralston report in its 2012 income statement (net of income taxes)? a. $200,000 gain b. $0 c. $100,000 loss d. $300,000 loss
The minimum value chain elements a given customer segment anticipates from a given type of retailer is referred as a(n) _____ retail strategy
a. potential b. realized c. expected d. augmented
On June 10, Year 1, Burton Builders, Inc., a publicly traded company, announced that it had been awarded a contract to build a football stadium at a contract price of $500 million. This contract would increase its projected revenues by 20% over the next three years. Which of the following statements is correct with regard to this announcement?
A. Burton's net cash flow from operations will increase by 20% over the next three years. B. Burton's assets should be increased by $500 million on June 10, Year 1 to recognize this contract. C. Burton's net income will increase by 20% over the next three years. D. The market price of Burton's stock will probably be higher on June 11, Year 1 than on June 10th.
The IRS accepts substitute checks as proof of purchase for tax purposes
Indicate whether the statement is true or false