A company had net sales of $21,500 and ending accounts receivable of $2,700 for the current period. Its days' sales uncollected equals: (Use 365 days a year.)
A. 7.4 days.
B. 8.0 days.
C. 58.9 days.
D. 45.2 days.
E. 45.8 days.
Answer: E
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What will be an ideal response?
Credit reporting agencies:
a. maintain information about family members, income levels, and buying habits. b. must, on request, furnish information to an employer that is also furnished to employees. c. include Gramm-Leach Bliley, Inc. and Transfax. d. are used primarily by police and other investigative entities.
The carrying value of bonds at maturity always equals:
A. the amount in excess of par value. B. the amount of cash originally received in exchange for the bonds. C. the par value of the bond. D. the amount of discount or premium. E. the amount of cash originally received in exchange for the bonds plus any unamortized discount or less any premium.
Managing the firm's short-term financing activities is known as ________
A) capital budgeting B) capital structure C) accounts receivable management D) working capital management