Owners' equity can be also known as ________ equity
a. current
b. long-term
c. shareholders'
d. asset
c
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Which of the following transactions would increase a firm's current ratio?
a. Purchase of inventory on account b. Payment of accounts payable c. Collection of accounts receivable d. Purchase of temporary investments for cash
Product costs that are transferred out of finished goods are called:
A) work in process. B) cost of goods manufactured. C) cost of goods sold. D) period costs.
Which of the following is true of payment procedures?
A. Up-front cash payment is a risk to the customers. B. Providing credit to customers is a risk to the customers. C. A documentary draft involves only two parties-the company and the customer. D. A letter of credit can be exercised only with specified shipping documents.
Solving nonlinear programming models may be more difficult than solving linear programming models because:
a. Nonlinear constraints may create discontinuous areas that satisfy all constraints. b. Nonlinear constraints are difficult to translate into mathematical functions. c. Nonlinear constraints are associated with a quantity discount. d. All of the above