If collection of accounts receivable is assured, then accounts receivable are considered to be cash equivalents
a. True
b. False
Indicate whether the statement is true or false
False
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Which verbal support de?nes, analyzes, or describes?
A) example B) comparison C) statistic D) explanation
Consider the following independent scenarios:a) At January 1, Year 2, accounts receivable was $24,000. Cash collected on accounts receivable during Year 2 was $55,000. At December 31, Year 2, accounts receivable was $30,000. What were the revenues earned on account during Year 2?b) At January 1, Year 2, accounts payable was $19,000. During Year 2, expenses on account were $68,000. At December 31, Year 2, accounts payable was $15,000. What was the amount of cash payments on accounts payable that were made during Year 2?c) At January 1, Year 2, the balance in the prepaid insurance account was $480, which related to insurance coverage that expired on March 1, Year 2. On March 1, Year 2, the company paid $3,000 for insurance coverage for one year of insurance coverage that began on that date.
What was the amount of insurance expense for Year 2?d) At January 1, Year 2, the balance in the supplies account was $550. At December 31, Year 2, the company counted $400 of supplies on hand. The company reported supplies expense in Year 2 of $3,300. What was the total of supplies purchases during Year 2? What will be an ideal response?
Market demassification has resulted in ________
A) niche market creation B) product standardization C) mass production practices D) intrinsic marketing channels E) just-in-time production
An advantage of value chain analysis is that it allows a company to focus on what a company does best
Indicate whether the statement is true or false