Most corporations use the annualized income method to determine their required annual payment for purposes of making quarterly estimated payments.
Answer the following statement true (T) or false (F)
True
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Espat Corp reported net sales (all on credit) of $1,600,000 and cost of goods sold of $1,100,000 for 2015 . Its beginning balance of Accounts Receivable was $150,000 . The accounts receivable balance decreased by $10,000 during 2015 . Rounded to two decimal places, what is Espat's accounts receivable turnover rate for 2015?
a. 7.59 b. 10.32 c. 10.67 d. 11.03
Sensenig Propeller manufactures replica antique wooden airplane propellers. In the process of production, the company generates a great deal of scrap hardwood. How can using by-product pricing benefit the company?
What will be an ideal response?
Using a simulation model to gather a year of operating data in a few minutes is known as:
A) historical search data collection. B) Monte Carlo optimization. C) suboptimization. D) time compression.
Which of the following statements is true about firms pursuing a multidomestic business strategy?
A) There is a huge amount of data and control information flow between the home and subsidiary locations. B) The knowledge transfer between subsidiaries is abundant. C) They have standard offerings across markets and give preference to international business. D) They use a loose federation of associated business units. E) They work in a centralized fashion and the home location exerts strong control on the subsidiaries.