A company's operating cycle might be measured as
A) ?Total asset turnover in days minus fixed asset turnover in days.
B) Total asset turnover in days minus fixed asset turnover in days minus inventory turnover in days minus accounts receivable turnover in days.
C) ?Inventory turnover in days plus accounts receivable turnover in days plus accounts payable turnover in days.
D) ?Inventory turnover in days plus accounts receivable turnover in days minus accounts payable turnover in days.
D
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The benefits of a single set of accounting standards used around the world would include all of the following except:
a. They would eventually save companies considerable money in accounting fees. b. They would prevent competitors from acquiring each other. c. They would allow easier comparisons by analysts and investors. d. They would facilitate access to foreign capital markets.
A company purchased land to be used as the site for the construction of a plant. Timber was cut from the building site so that construction of the plant could begin. The proceeds from the sale of the timber should be
a. classified as other income. b. deducted from the cost of the land. c. deducted from the cost of the plant. d. netted against the costs to clear the land and expensed as incurred.
A(n) _________________________ is a pointer to a cursor or SQL work area.
Fill in the blank(s) with the appropriate word(s).
Delphi, Ltd., imports appliances made in Southeast Asia into the United States. To obtain a larger share of the U.S. market, Delphi sells the appliances at lower prices here than in its exporting countries. With respect to these imports, the United States may
A. do nothing. B. assess antidumping duties. C. order the return of the appliances to the exporting countries. D. confiscate the appliances without just compensation.