A firm has just ended its calendar year making a sale in the amount of $200,000 of merchandise purchased during the year at a total cost of $150,500
Although the firm paid in full for the merchandise during the year, it is yet to collect at year end from the customer. The possible problem this firm may face is ________.
A) high taxes
B) lack of cash flow
C) inability to receive credit
D) high leverage
B
You might also like to view...
Which of the following defines Lapping?
a. embezzling one customer's payment and then crediting that customer's account when a subsequent customer pays. b. stealing cash from an organization before it is recorded on the organization's books and records. c. helping a vendor illegally obtain a contract that should have involved competitive bidding. d. demanding a payment from a vendor in order to make a decision in that vendor's favor.
A new development in kidnapping, due to globalized banking services, occurs near international airports. The kidnapping is shorter in duration and does not involve ransom requests. The victims are forced to withdraw cash from ____________ to secure their release.
Fill in the blank(s) with the appropriate word(s).
A(n) _________________________ is a pointer to a cursor or SQL work area.
Fill in the blank(s) with the appropriate word(s).
Cole’s performance appraisal describes his actions along a continuum. For example, when it comes to customer service, he receives a 1 if he regularly ignores customers, a 3 if he regularly greets customers, and a 5 if he regularly greets customers and asks how he can help. It appears Cole is using the ______ method of performance appraisal.
A. ranking B. management by objectives C. graphic rating D. behaviorally anchored rating E. qualitative ranking