A company's future cash inflow from the sale of its products or services are called accounts payable
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: A company's future cash inflow from the sale of its products or services are called ACCOUNTS RECEIVABLE.
You might also like to view...
Which of the following is the most commonly used channel for distributing business products?
A. Producer, agents, industrial distributors, organizational buyers B. Producer, industrial distributors, organizational buyers C. Producer, agents, organizational buyers D. Producer, organizational buyers E. Industrial distributors, organizational buyers
The WorldCom board:
a. Was known as "Bernie's Board". b. Consisted of experienced outsiders. c. Approved all loans to Ebbers before they were made. d. None of the above
All companies with federal contracts of $2,500 or more have a duty to ensure the disabled an opportunity in the workplace by providing reasonable accommodations under the:
a. Disability Act of 1973 b. Temporarily Disabled Persons Protection Act of 1973 c. Title VII Disability Act of 1990 d. Able Bodied Worker Act of 1990 e. none of the other choices are correct
If the current order point is 400 pounds, what is the resulting service level?
Ken Ells, owner and operator of Kennels, Inc., is concerned that the person in charge of ordering dog food is often incurring an order expediting expense because he is waiting too long (letting the inventory level drop too low) before ordering. Past data indicate that demand during lead time (when expediting does not occur) is normally distributed with a mean of 340 pounds and a standard deviation of 45 pounds. Ken wants the probability of running out of dog food to be 0.03.