If creditors' payment terms are 60 days, financing period is 20 days, and it takes 30 days to collect the amount from customers. What time does it take to sell the inventory?
A) 60 days.
B) 20 days.
C) 30 days.
D) 50 days.
D
Business
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When inventories are written down due to the application of the lower-of-cost-or-market (LCM) rule, which of the following is usually increased?
A) Cost of goods sold B) Inventories C) Operating expenses D) Accumulated depreciation--inventory
Business
For delivering a message that is straightforward and informative, a face-to-face encounter is preferred over a technological channel
Indicate whether the statement is true or false
Business
________ messages conveyed by personal appearance and facial expressions can greatly affect the success of an oral presentation
Fill in the blank(s) with correct word
Business
Payday loans are a low cost source of consumer credit
Indicate whether the statement is true or false.
Business