Which of the following statements is generally considered desirable?
a. A large decrease in accounts receivable turnover ratio
b. A decrease in the number of days' sales in receivables
c. An increase in sales along with a larger decrease in the gross profit ratio
d. A decrease in the cash flow from operations to current liabilities ratio
b
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Evaluated Receipts Settlement is ________
A) a streamlined process that bypasses paper documents altogether B) a process that eliminates the need for separation of duties C) a procedure that compresses the payment approval process into a single step by comparing the receiving report to the purchase order D) an organizational plan and all the related measures adopted by an entity to safeguard assets, encourage employees to follow company policies, promote operational efficiency, and ensure accurate and reliable accounting records
Hilltop Golf Course is planning for the coming golfing season
Investors would like to earn a 10% return on the company's $50,000,000 of assets. The company primarily incurs fixed costs to groom the greens and fairways. Fixed costs are projected to be $32,000,000 for the season. About 500,000 rounds of golf are expected to be played each year. Variable costs are about $17 per round of golf. Hilltop golf course has a favorable reputation in the area and, therefore, has some control over the sales price of a round of golf. Using a cost-plus pricing approach, what sales price should Hilltop charge for a round of golf to achieve the desired profit? A) $64 B) $81 C) $47 D) $91
Reductions for transportation and other costs related to the physical distance between buyer and seller are known as
A. base-point pricing. B. freight absorption pricing. C. price zoning. D. location pricing. E. geographic pricing.
Which of the following communities is not part of the European Union?
a. The European Community b. The European Coal and Steel Community c. The European Atomic Energy Community d. None of the above