The collection period is:
A) The time it takes to acquire and sell inventory
B) The time from the sale of the product until funds are actually received
C) The time creditors give to pay
D) The time between ordering inventory and having a full inventory
B
You might also like to view...
It is difficult, if not impossible, to devise a way to measure software development competence.
Answer the following statement true (T) or false (F)
The product design team of a cosmetics manufacturing company presents its ideas for a new product. The team provides the management with detailed descriptions of each concept with specific product features. The team also makes a few samples that consumers can actually test. Given the information, the company is most likely in the _____ stage of the new product development process.
A. development B. testing C. analysis D. idea screening
If a company provides services to a customer on credit, the company providing the service should credit Accounts Receivable.
Answer the following statement true (T) or false (F)
Sojourn Enterprises has provided the following information for last year: Material costs$225,000 Labor hours$85,000 Overhead costs$311,000 Product produced 32,000 @selling price of $22/eachThe total factor productivity measure is:
A. 1.134. B. 0.362. C. 0.882. D. 1.003.