If the accounts receivable turnover is 50 days, what is the account receivable turnover ratio?
A) 6.64 times
B) 7.30 times
C) 3.65 times
D) None of these
B
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An invoice in the amount of $600 is subject to a trade discount of 30% and credit terms of 2/10, n/30 . If all discounts are taken, the buyer will pay what amount to settle the account?
a. $12; b. $180; c. $408; d. $411.60; e. $420
The inventory turnover ratio and days sales outstanding (DSO) are two ratios that are used to assess how effectively a firm is managing its assets.
Answer the following statement true (T) or false (F)
Which of the following is a negative consequence of workers' compensation laws?
A) They have resulted in heightened tensions between employers and employees because now an employee may sue his or her employer for having suffered from an injury. B) They have made employers less careful about employee safety than they would be if they had to fear huge damage awards. C) They have resulted in significantly higher costs for employers. D) They have prevented workers from being able to get promotions by taking calculated risks.
The concept of "human resource management" implies that employees in an organization cannot be considered as a resource and hence are interchangeable.
Indicate whether the statement is true or false.