A relaxation of credit standards is expected to affect profits positively due to lower carrying costs, whereas tightening credit standards would affect profits negatively as a result of higher carrying costs
Indicate whether the statement is true or false
FALSE
You might also like to view...
List three ways that having high self-esteem is “good” for us.
What will be an ideal response?
The Supplies account balance at the beginning of the period was $6,600 . Supplies totaling $12,825 were purchased during the period and debited to Supplies . A physical count shows $3,825 of Supplies at the end of the period. The proper journal entry at the end of the period
a. debits Supplies and credits Supplies Expense for $9,000. b. debits Supplies Expense and credits Supplies for $12,825. c. debits Supplies and credits Supplies Expense for $15,600. d. debits Supplies Expense and credits Supplies for $15,600. e. None of these choices are correct.
Answer the following statements true (T) or false (F)
1. Strategic planning is the process in which future courses of action are developed to achieve the firms’ short- and long-term goals. 2. The mirror test involves the decision maker’s ability to look in the mirror after the decision has been made and state that he or she has made the right choice. 3. The ethical cycle begins with the identification of the current ethical culture. 4. It is during the problem analysis stage that the outcomes from the ethical judgment stage are further evaluated so a definitive course of action can be determined.
A(n) ________ system is a system designed to track the remaining inventory of an item each time a withdrawal is made to determine whether to replenish the item
Fill in the blanks with correct word