Union Corporation reported net credit sales of $2,500,000 and cost of goods sold of $1,800,000 for 2012. Its beginning balance of accounts receivable was $350,000. The accounts receivable balance decreased by $50,000 during 2012. Rounded to two decimal places, what is Union's accounts receivable turnover ratio for 2012?
A) 7.69
B) 7.14
C) 8.33
D) 11.03
A
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Prime Computing, an auditing firm, purchases a management information system called Gamma Dot. Most of Prime Computing's employees are unfamiliar with the functional aspects of Gamma Dot, and management decides to approach external trainers to train its employees. Melinda, the company's training coordinator, is tasked with finding suitable trainers. Melinda sends an e-mail, with a document outlining the company's training requirements, to multiple vendors and asks them to provide suitable trainer profiles and cost quotes. What is the document called that Melinda sends out to training vendors?
A. an organization analysis report B. instructional design C. a request for proposal D. a needs assessment form E. articles of incorporation
People in lower socioeconomic levels are more likely to complain than those in higher levels
Indicate whether the statement is true or false
Ethical exchanges between sellers and buyers should result in
A. the buyer forming a strategic alliance with the seller. B. the buyer getting the product for the best price at the expense of the seller. C. the seller offering buyers its products and services at cost, especially during a period of recession. D. the seller making a profit at the expense of the buyer. E. both parties to the exchange being better off after a transaction.
A proprietorship legally ends with the owner's death, and some legal action must be taken to restart it.
Answer the following statement true (T) or false (F)