The data processing method that can shorten the cash cycle is
a. batch, sequential file processing
b. batch, direct access file processing
c. real-time file processing
d. none of the above
C
You might also like to view...
Application of the product life-cycle concept to retailing suggests that all types of retailers are in early market growth due to continually increasing family income.
Answer the following statement true (T) or false (F)
The comparative balance sheets for Flagler Co for 2017 and 2016 indicate that accounts receivable decreased during 2017 . Flagler uses the indirect method of preparing the operating activities section of its statement of cash flows. How will the decrease in accounts receivable be reported on the statement of cash flows?
a. It will be included in the amount of cash and cash equivalents at the end of 2017. b. It will be deducted from net income in the operating activities section. c. It will be added to net income in the operating activities section. d. It will be reported as a cash outflow in the investing activities section.
A budget prepared for a single level of volume based on management's best estimate of the level of production and sales for the coming period is a:
a. Flexible budget. b. Static budget. c. Continuous budget. d. Capital budget.
The ________ is found by determining the difference between total debits and total credits for an account, including any beginning balance.
Fill in the blank(s) with the appropriate word(s).