What is the days' payable outstanding ratio? What is it used for?
What will be an ideal response?
Days' payable outstanding is accounts payable divided by cost of goods sold, multiplied by 365 days. Days' payable outstanding is the average length of time that payables are deferred until payment is made. Delaying payment allows the buyer to increase the available cash. However, excessive delays can hurt the buyer's relationship with the seller.
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The term incremental cost refers to
a. the profit foregone by selecting one choice instead of another. b. the additional cost of producing or selling another product or service. c. a cost that continues to be incurred in the absence of activity. d. a cost common to all choices in question and not clearly or feasibly allocable to any of them.
Which of the following statements regarding activity-based costing (ABC) is true?
A) Resources consume activities and products consume costs. B) Activities consume resources and products consume activities. C) Costs consume activities and products cause costs. D) Resources consume activities and activities cause costs.
What is data gap analysis?
A. When a company examines its data to determine if it can meet business expectations, while identifying possible data gaps. B. The tests and evaluations used to determine compliance with data governance policies to ensure correctness of data. C. The time it takes for data to be stored or retrieved. D. The management and oversight of an organization's data assets.
Electronic banking has reduced the number of possibilities for tampering with a person’s private banking information.
Answer the following statement true (T) or false (F)