Days' sales in receivables measures ________
A) how many days it takes to order and receive inventory
B) how many days it takes to collect the average level of accounts receivable
C) how many days it takes to sell inventory
D) the number of times a company collects the average accounts receivable balance in one year
B
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If a business needs cash before the due date of a note, it can endorse the note and transfer it to a bank
a. True b. False Indicate whether the statement is true or false
The primary advantage of the American Community Survey is that:
A) it will be a new form that is more interesting to people B) new, more important questions will be asked C) it will provide data annually instead of once every ten years D) more people will be able to understand the questions E) it will be translated into more languages
A strategy of exclusive dealing is most likely considered legal if ________
A) the industry is newly developed B) both parties have large territories C) competition is not substantially lessened D) the dealer agrees to promote the competitor's products E) the dealer receives a steady source of supply and support
The amount of cash a department store received from customers during a period equals the sales for the period, reduced by the _____ during this period or increased by the _____ during the period
a. decrease in accounts payable; increase in accounts payable b. increase in accounts payable; decrease in accounts payable c. decrease in accounts receivable; increase in accounts receivable d. increase in accounts receivable; decrease in accounts receivable e. none of the above