Which of the following items is a measure of a company's ability to collect receivables?
A) inventory turnover ratio
B) current ratio
C) days' sales in receivables
D) account receivable balance
C) days' sales in receivables
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The interest charged on a $50,000 note payable, at the rate of 6%, on a 60-day note would be
a. $3,000. b. $1,667. c. $750. d. $500.
When forming a team, the quality of the people you select determines the quality of the team's efforts and results.
Answer the following statement true (T) or false (F)
Bachrodt Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools--Processing, Supervising, and Other. The costs in those activity cost pools appear below: Processing$21,600Supervising$3,700Other$10,700Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data appear below MHs (Processing)Batches (Supervising)Product Y73,700400Product V06,300600Total10,0001,000Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins. Product Y7Product V0?Sales
(total)$102,200$78,900?Direct materials (total)$40,800$39,100?Direct labor (total)$47,200$22,300?The activity rate for the Processing activity cost pool under activity-based costing is closest to: A. $3.60 per MH B. $2.10 per MH C. $1.50 per MH D. $2.16 per MH
An en banc hearing is one in which all the judges participate
Indicate whether the statement is true or false