The business function of government compliance falls under the Supply Chain Management functional area of operation
Indicate whether the statement is true or false
F
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Conversion costs are defined as the combined total of direct materials costs and direct labor costs incurred by a production department
Indicate whether the statement is true or false
___________ thinking occurs when a problem is defined in a single way and there are no alternatives considered until the solution is reached.
A) Horizontal B) Unitary C) Vertical D) None of the above
Julia owns 1,000 shares of Orange Corporation. This year, Orange declared a 10% stock dividend. There was no option for shareholders to receive cash. When Julia received 100 shares of Orange stock, it had a fair market value of $50 a share. How much income does Julia have from the dividend?
A. $50,000 B. $50 C. $5,000 D. $0
The following information relates to RAM Corporation: Accounts receivable $160,000 Total credit sales $2,500,000 Accounts payable $220,000 What is RAM's receivables collection period (DSO)? In your computations, assume there are 360 days in a year.
A. 23.04 days B. 21.56 days C. 15.62 days D. 22.50 days E. 160.00 days