When evaluating the days' sales uncollected ratio, generally the higher the receivables balance, the better the ratio.
Answer the following statement true (T) or false (F)
False
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Green Acres Lawn Care provided $600,000 of services to customers during Year 1. All customers paid for the services with credit cards. The company submitted the credit card receipts to the credit card company immediately, and the credit card company paid cash in the amount of face value less a 4 percent service charge.Required:Record the (1) credit card sales and (2) collection of the receivables in the horizontal statements model, below. Show dollar amounts of increases and decreases. For cash flows, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). Use NA to indicate that an element is not affected by an event.
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Which type of general merchandise retailer is most prone to have limited customer services and an austere store environment?
a. specialty store b. department store c. off-price chain d. conventional supermarket
In a report, when you want to visually display the relationships between parts and a whole, you should use a:
A. pie chart. B. histogram. C. line graph. D. flow chart.
If the production manager decides to produce of 400 bottles of light beer and 0 bottles of dark beer, it will result in slack of:
A) malt only. B) wheat only. C) both malt and wheat. D) neither malt nor wheat.