In 2005, The Handy Catering Service had cash sales of 254,134, credit sales of 125,371, and total
sales of 379,505. Accounts Receivable were 9,765. If there are 365 days in 2005, what was the
Average Collection Period?
A) 14.03 days
B) 9.39 days
C) 28.43 days
D) 18.78 days
E) There is not enough information provided to answer this question.
C
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On October 1, 2019, Westfield Company sold machinery to a customer for $21,000. The customer could not pay at the time of sale, but agreed to pay 10 months later, and signed a 10-month note at 12% interest. How much interest revenue was earned during 2019? Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.
A) $660 B) $630 C) $4410 D) $2100
In contrast to Marketing (Big M), marketing (little m) serves the firm and its stakeholders at a functional or operational level.
Answer the following statement true (T) or false (F)
The great antecedent to change is certainty
Indicate whether the statement is true or false.
Generally, a joint venture is a partnership created for one limited purpose
a. True b. False Indicate whether the statement is true or false