One of the key inputs to the final credit decision is a credit analyst's subjective judgment of a firm's creditworthiness since it can provide a better feel of a firm's operation than any quantitative figures
Indicate whether the statement is true or false
FALSE
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Tahoe Ski Company uses the perpetual inventory system and the net method of accounting for purchases. The company had the following transactions during January:January 6:Purchased $4,000 of inventory. The seller's credit terms are 2/10, n/30.January 8:Returned $200 worth of defective units and received full credit.January 15: Paid the amount due, less the returned items.Prepare journal entries to record each of the preceding transactions.
What will be an ideal response?
Answer the following statements true (T) or false (F)
1. Critical thinkers employ a variety of methods to arrive at decisions. 2. The scientific method process is just as important in OB research as it is in any other research field. 3. OCB stands for organizational corporate behavior. 4. The group or team level is the most basic level of an organization. 5. All levels of analysis may have an influence on employee performance.
A company has the following information:Net credit sales = $400,000Net income = $100,000Average total assets = $80,000Average accounts receivable = $20,000What is the company's average collection period (rounded to the nearest whole day)?
A. 5 days. B. 9 days. C. 18 days. D. 73 days.
The ______ of authority is a hierarchy that narrows as it flows from the top down the organization.
a. span b. width c. scope d. breadth