If the balance of accounts receivable decreases during the year, then cash collections will ____________________________ sales on account for the period
Fill in the blank(s) with correct word
exceed
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The days' sales in receivables ratio gives an indication of the length of time that the receivables have been outstanding at the end of the year. This indication can be misleading if sales are seasonal and/or the company uses a natural business year
Indicate whether the statement is true or false
According to the Association of Certified Fraud Examiners (ACFE), what kind of damage does fraud do each year?
a. Companies, on average, lose five percent of their annual revenue. b. Companies, on average, have to fire or discipline 10 percent of their workforce annually. c. Customers are defrauded out of 10-15 percent of their investments or purchased services annually. d. Customers and clients lose roughly $200 billion annually.
The decision to pay a cash dividend is within the jurisdiction of ________
A) the SEC B) the board of directors of the firm C) the firm's largest labor union D) the largest shareholders of the firm
In its approximate form the Fisher effect may be written as ________. Where: i = the nominal rate of interest, r = the real rate of return and ? = the expected rate of inflation
A) i = (r)(?) B) i = r + ? + (r)(?) C) i = r + ? D) i = r + 2?