Louie Corporation has provided the following data: Year 2Year 1Accounts receivable$269,000 $290,000 Inventory$190,000 $160,000 Sales, on account$1,340,000 Cost of goods sold$860,000 The company's operating cycle for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)
A. 81.0 days
B. 150.5 days
C. 9.7 days
D. 79.2 days
Answer: B
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If a product passes both the concept test and the product test, the next step is most likely to be ________
A) marketing strategy development B) product development C) test marketing D) business analysis E) concept development
Answer the following statements true (T) or false (F)
The underlying premise of the clean surplus accounting is that all profit and loss elements go through income.
The ability of the customer to track their order from placement to delivery is
A) customer experience. B) order visibility. C) product availability. D) response time.
United Disposal, Inc., operates a hazardous waste disposal site that accepts waste transported by Ace Trucking Company from General Manufacturing Corporation. United sells the site to Investment Properties, Inc. A release of the waste is discovered at the site, and the Environmental Protection Agency (EPA) cleans it up. The EPA can recover the cost of the cleanup from
A. United only. B. United or General only. C. United, General, or Ace only. D. United, General, Ace, or Investment Properties.