Use the selected data from Pinecrest Company's financial statements to answer the following question. 2017 2016 Cash $ 22,000 $ 14,000 Accounts receivable 42,000 16,000 Merchandise inventory 22,000 83,000 Prepaid expenses 23,000 18,000 Total current assets $109,000 $131,000 Total current liabilities $ 65,000 $ 72,000 Net credit sales 221,000 326,000 Cost of goods sold 168,000 299,000 Net cash
flow from operating activities 16,000 29,000 Refer to the data for Pinecrest Company. Competitors in Pinecrest Company's industry have an average inventory turnover of 20.8 times. Its inventory turnover for 2017
a. indicates that the company has too little inventory on hand at the end of 2017.
b. indicates that the company is pricing its products too low.
c. is equal to the number of days' sales in the company's inventory.
d. indicates that the market may be reacting to problems in the sales department by reducing demand for the company's products.
d
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Below is financial data for Computech Industries' current year. Net sales on account during year $500,000 Cost of merchandise sold during year 300,000 Accounts receivable, beginning of year 45,000 Accounts receivable, end of year 35,000 Inventory, beginning of year 90,000 Inventory, end of year 110,000 Refer to the data for Computech Industries. Based on this information, what is the accounts
receivable turnover for the current period? a. 10.0 times b. 12.5 times c. 11.1 times d. 14.3 times
Define and contrast attestation services and advisory services
______ in enacting various cultural mechanisms is important as a powerful reinforcer of the culture.
a. Integrity b. Persistence c. Conviction d. Consistency
When hiring people, the best thing a manager can do is to find someone like himself or herself and make sure the person "fits" into his or her stereotype of a good worker.
Answer the following statement true (T) or false (F)