Collection documents are
A. required for customs approval.
B. for debt carried in cash receivables.
C. needed to load and unload transported goods.
D. presented to the buyer for payment.
Answer: D
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Which of the following is true when investigating an auto accident case?
A) There will likely be a police report to obtain and review. B) The injured party will always recover damages. C) There will not be a statute of limitations in this type of case. D) Expert witnesses will be needed to testify in court.
A firm currently has a 20% market share for its product, lint pickers. It has identified 2 plans to improve its market share. The transition matrices for both plans are listed below. Plan 1 costs $1 million and Plan 2 costs $1.5 million
The company's goal is to determine what its demand will be in the long-term. Plan 1: 20% Share 40% Share 60% Share 20 Share 0.25 0.40 0.35 40 Share 0.20 0.35 0.45 60 Share 0.10 0.50 0.40 Plan 2: 20% Share 40% Share 60% Share 20 Share 0.30 0.30 0.40 40 Share 0.10 0.50 0.40 60 Share 0.20 0.30 0.50 A single percentage point of market share translates into an annual demand of 1,000 units per year. Also, each percentage point of market share means $100,000 of profit for the firm. Choose the plan that maximizes the firm's net income.
Based on the information in Table 4-3, assuming that the firm has no preferred stock, and paid
$300,000 in common dividends, the firm's return on equity was A) 61.89%. B) 43.34%. C) 79.43%. D) 33.53%.
Spohn Clinic uses client-visits as its measure of activity. During February, the clinic budgeted for 3,400 client-visits, but its actual level of activity was 3,370 client-visits. The clinic has provided the following data concerning the formulas to be used in its budgeting for February: Fixed Element per MonthVariable element per client-visitRevenue - $28.10 Personnel expenses$26,100 $7.70Medical supplies 900 5.10Occupancy expenses 5,600 0.80Administrative expenses 4,300 0.40Total expenses$36,900 $14.00?The medical supplies in the flexible budget for February would be closest to:
A. $17,512 B. $18,087 C. $18,240 D. $17,204