Rules and laws are a source of influence that comes from:
a. person
b. world
c. behavior
d. attitude
Ans: B
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Seattle, Inc, is contemplating a project that costs $180,000 . Expectations are that annual cash revenues will be $70,000 and annual expenses (including depreciation) will total $30,000 . The project has a six-year useful life and a residual value of $30,000 . Assume Seattle Inc uses straight line method of depreciation. The project's payback period is
a. 2.31 years. b. 2.77 years. c. 2.14 years. d. 2.57 years.
The accounts receivable turnover ratio captures the speed of cash collections from credit customers and is calculated as follows:
a. average accounts receivable divided by sales revenue. b. sales revenue divided by average accounts receivable. c. sales revenue plus average accounts receivable. d. sales revenue minus average accounts receivable. e. sales revenue times average accounts receivable.
According to West (2008) a management decision making committee is known as what type of team?
a. Advice and Involvement Team b. Action and Negotiation Team c. Project and Development Team d. Production and Service Team
The UCC applies only to sales between merchants
Indicate whether the statement is true or false