A firm has accounts receivable of $150,000. During the year, total sales are $500,000, of which $300,000 are cash sales. What is the average collection period?
A) 109.5 days
B) 182.5 days
C) 273.8 days
D) 486.7 days
E) None of the above
C
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Which of the following is not a distinguishing characteristic of a derivative instrument?
a. Derivative instruments have terms that require or permit net settlement. b. Derivative instruments have a low initial net investment. c. Derivative instruments are highly effective throughout their term. d. Derivative instruments have one or more underlyings and notional amounts.
______ is best described as a “technology-enabled HRM group focused on value creation by providing excellent service to internal customers while reducing costs through increased efficiency and continuous improvement.”
a. A self-service portal b. A shared-service center c. Outsourcing d. Offshoring
What was the U.S. dollar spot price of the Swiss franc on December 21, 2010?
What will be an ideal response?
If a producer learns after it sells a product that it has a problem that might cause consumers injuries, the producer must warn consumers of the danger or face liability
a. True b. False Indicate whether the statement is true or false