A(n) ________ is useful in evaluating credit policies
A) average payment period
B) current ratio
C) average collection period
D) inventory turnover ratio
C
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A company has established 5 pounds of Material J at $2 per pound as the standard for the material in its Product Z. The company has just produced 1,000 units of this product, using 5,200 pounds of Material J that cost $9,880. The direct materials quantity variance is:
A. $400 unfavorable. B. $400 favorable. C. $120 favorable. D. $520 favorable. E. $520 unfavorable.
Suffolk Corporation issued $100,000 of 20-year, 6 percent bonds at 98 on one of its semi-annual interest dates. The straight-line method of amortization is to be used. What is the total interest cost of the bonds?
a. $120,000 b. $122,000 c. $118,000 d. $117,500
For a low-volume job shop type of manufacturing, which of the following is the typical production scheduling approach?
A. Finite backward scheduling B. Infinite forward scheduling C. Finite forward scheduling D. Infinite backward scheduling E. Soonest due date
Which of the following is the nonpersonal presentation and promotion of ideas, goods, or services by an identified sponsor using the mass media?
A) direct marketing B) sales promotion C) public relations D) advertising E) direct selling