Which inventory performance measure is used to measure how long it takes to collect what is owed after a sale on credit?
a. Inventory days of supply
b. Days of receivables outstanding
c. Days payable outstanding
d. Cash-to-Cash Cycle Time
b. Days of receivables outstanding
You might also like to view...
An oral agreement to purchase a neighbor's bicycle for $250 is a(n) ________ contract.
A. void B. voidable C. implied D. express
One reason auto companies spend millions on racing cars is that they offer the opportunity to test new designs and technology under extreme conditions. Using the cars in a real-use setting provides an opportunity for ________ the product.
A. pretesting B. test marketing C. alpha testing D. beta testing E. concept testing
Millet Grains Cooperative and Corn Cereals, Inc, discuss the terms of a contract for periodic deliveries of corn. Millet Grains then faxes Corn Cereals a memo on Millet Grains's letterhead that summarizes the points on which they agreed, including a two-year term. Millet Grains begins to perform, and Corn Cereals accepts the deliveries but refuses to pay. ?Refer to Fact Pattern 15-1.The
transaction between Millet Grains and Corn Cereals falls within the provision of the Statute of Frauds involving A) collateral promises. B) the one-year rule. C) parol evidence. D) integrated contracts.
The dutiable value of imported goods includes the price actually paid or payable when sold for exportation plus all of the following items if not included in the purchase price, with the exception of: A) royalty paid by the buyer as a condition of sale
B) proceeds from the resale of the goods that accrues to the seller. C) selling commission incurred by the buyer. D) export fees paid by the seller.