Seasonal dating of accounts receivable:
A) is used by all firms that grant credit.
B) sets the first date of the relevant season as the final due date for an invoice for seasonal goods.
C) sets a relevant seasonal date as the invoice date for an earlier order.
D) refers to firms that invoice every quarter for sales made in the prior three months.
E) requires all purchasers of seasonal goods to have their purchases paid by the end of the prior season.
C) sets a relevant seasonal date as the invoice date for an earlier order.
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The director of your department attends one weekly meeting. Other than that, the director is seldom at the office and rarely responds to e-mails when you send questions pertaining to the organization. This is an example of ______.
A. authority compliance management B. impoverished management C. country-club management D. middle-of-the-road management
Magnum Corporation had 60,000 of its $3 par common stock issued before its recent 3-for-1 stock split. The market price of the stock was $30 per share before the split. Which of the following is true as a result of the split?
A) There were 20,000 shares of common stock issued after the split. B) The balance in the common stock account increased to $180,000. C) The market price of the stock was not affected. D) The par value of the stock decreased to $1 per share.
Elon feels that to be the forerunners in the automotive industry he needs to take risks and be innovative. He thinks that his teams are the ones creating change to which other competitors must respond. Elon is using which strategy?
a. Defender b. Reactor c. Prospector d. Analyzer
Under no circumstances can an organization authorize or ratify unauthorized acts of its officers
Indicate whether the statement is true or false