The total amount of time companies use to take a customer order and deliver goods to a customer is referred to as the
A. order cycle.
B. sales cycle.
C. transaction route.
D. procurement process.
E. purchase process.
Answer: A
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"Can you explain the company's new vacation request policy to me?" is an example of a
A) behavior description B) feeling message C) consequence statement D) request statement)
An entity sells an equal dollar amount of convertible preferred stock and long-term notes payable. Prior to these transactions, total debt was less than total equity. How did the sale of the convertible preferred stock and the long-term notes payable affect the company's debt to total assets ratio?
a. The debt to total assets ratio would decrease. b. The debt to total assets ratio would increase. c. The debt to total assets ratio would remain the same. d. The effect on the debt to total assets ratio cannot be determined from the information given.
The days sales outstanding (DSO) ratio of a firm identifies:
A. the average length of time a firm must wait after making a credit sale before receiving cash. B. how effectively the firm uses its plant and equipment to help generate sales. C. the extent to which a firm's net operating income can safely decline. D. the profit (earnings) per dollar of sales. E. how much investors are willing to pay for the firm's stock for each dollar of reported profits.
In accrual accounting, accrued revenues are recorded as liabilities.
Answer the following statement true (T) or false (F)