A performance management and evaluation system is mainly utilized to account for and report on financial performance
Indicate whether the statement is true or false
F
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The calculation of 365 divided by the accounts receivable turnover value is the formula for
a. return on owner's equity; b. average collection period; c. inventory turnover; d. average days to sell inventory; e. quick ratio.
What is an advantage of selling private-label brands for a national retailer?
A. Private-label brands have more clout than national brands. B. There are fewer steps and supply chain resources needed to develop private-label products. C. Customers can't compare prices for private-label products because of their exclusivity. D. There is less risk involved with selling private-label brands. E. The retailer saves costs as it does not need to market private-label products.
Which of the following is true of the net present value method?
A) It measures a project's time-adjusted rate of return. B) It discounts cash flows at the minimum desired rate of return. C) It ignores cash flows beyond the payback period. D) It applies only to mutually exclusive investment proposals.
Which of the following would most likely not be expensed using the straight-line method?
A. A timber reserve B. A patent C. A building D. A copyright