A company reports ending accounts payable of $1,440 and cost of goods sold of $11,680. Compute days' payable outstanding.
A. 41 days
B. 36 days
C. 35 days
D. 39 days
E. 45 days
Answer: E
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ACE has a defined benefit pension plan. ACE is preparing the December 31, 2015 financial statement disclosures related to the plan assets. It should disclose which of the following? I. Expected Return on Plan Assets II. Actual Return on Plan Assets ?
A) I B) II C) both I and II D) neither I nor II
The Ontario Ministry of Transportation advertised a job and it say that only women and minorities will be considered for the position. A court would most likely rule this ad is
A) illegal and the Ministry has violated the Charter B) illegal and the Ministry has violated the Ontario Human Rights Code C) discriminatory but probably a valid affirmative action program so it is legal under the Charter D) legal as the government can hire whomever it want for any reason E) legal but only if it hires minorities, but illegal if it hires women
Days' payable outstanding measures how long, on average, a company takes to pay its creditors.
Answer the following statement true (T) or false (F)
Unplanned costs incurred when steps are taken to speed up a project's completion are called:
A) Expedited costs. B) Accelerated costs. C) Pass-through costs. D) Normal costs.