If a small company has average daily sales of $5,000 and accounts receivable of $150,000, what is the average days of accounts receivable?
A. 30 days
B. $5,000/month
C. 33.3 days
D. 3.3 days
Answer: A
You might also like to view...
Social marketing and corporate social responsibility are interchangeable terms
Indicate whether the statement is true or false
Gretta's portfolio consists of $700,000 invested in a stock that has a beta of 1.2 and $300,000 invested in a stock that has a beta of 0.8. The risk-free rate is 6% and the market risk premium is 5%. Which of the following statements is CORRECT?
A. The required return on the market is 10%. B. The portfolio's required return is less than 11%. C. If the risk-free rate remains unchanged but the market risk premium increases by 2%, Gretta's portfolio's required return will increase by more than 2%. D. If the market risk premium remains unchanged but expected inflation increases by 2%, Gretta's portfolio's required return will increase by more than 2%. E. If the stock market is efficient, Gretta's portfolio's expected return should equal the expected return on the market, which is 11%.
Mark sells an order of computers to Home Computing Inc. Home Computing says it will pay in 60 days. This term regarding time of payment is:
A) Deemed a warranty by the Sale of Goods Act. B) Deemed a condition by the Sale of Goods Act. C) An express warranty because the parties agreed it to be one. D) An express condition because the parties agreed it to be one. E) None of the above because the parties made no agreement about it.
If one of your main sources of stress is the sheer number of things that need to be done, getting organized should help you feel more in control.
Answer the following statement true (T) or false (F)