A culturally diverse workforce is becoming a reality in the United States.
Answer the following statement true (T) or false (F)
True
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The internal reports system gathers information generated by internal reports, which includes orders, billing, receivables, inventory levels, stock-outs, among others
Indicate whether the statement is true or false
A party has to be a member of an organization to use a certification mark
Indicate whether the statement is true or false
The asset turnover ratio:
A) considers how much revenue a firm is able to generate relative to its asset base. B) affects the firm's ROE in that a higher ratio increases ROE and a lower ratio decreases ROE other things equal. C) captures the capital intensity of a business: the more capital intense a firm is, the lower its asset turnover. D) All of the above.
A firm has arranged for a lockbox system to reduce collection time of accounts receivable. Currently the firm has an average collection period of 43 days, an average age of inventory of 50 days, and an average payment period of 10 days. The lockbox system will reduce the average collection period by 3 days by reducing processing, mail, and clearing float. The firm's cash conversion cycle ________.
A) increases by 3 days B) decreases by 3 days C) increases by 6 days D) decreases by 6 days