If a firm takes actions that reduce its days sales outstanding (DSO), then, other things held constant, this will lengthen its cash conversion cycle (CCC).
Answer the following statement true (T) or false (F)
False
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XYZ Equipment, a firm that produces manufacturing equipment for various industries, experiences an influx of new sales employees due to a recent expansion. Despite possessing a vast amount of sales experience, most of the new employees perform poorly. This is because the new recruits possess inadequate technical knowledge about the products sold by XYZ Equipment. To address the issue, the HR department decides to implement a training program using the instructional design process. As part of the process, the HR department's first step should be to
A. announce the objectives of the training program. B. chart the methods that should be used to train the sales representatives. C. identify what the sales representatives will need to learn. D. identify senior product engineers to train the sales representatives. E. ensure that sales representatives do not feel undervalued.
On January 2, 2014, Wondrous Co issued at par $50,000 of 4 percent bonds convertible, in total, into 5,000 shares of Wondrous's common stock. No bonds were converted during 2014 . Throughout 2014 Wondrous had 5,000 shares of common stock outstanding. Wondrous' 2014 net income was $5,000 . Wondrous' income tax rate is 40 percent. No potentially dilutive securities other than the convertible bonds
were outstanding during 2014 . Wondrous' diluted earnings per share for 2014 would be a. $0.58. b. $0.62. c. $0.70. d. $1.16.
Inelastic demand for a product means that if the product's price goes up, demand for it increases, but if a product's price goes down, demand decreases
Indicate whether the statement is true or false
Bravada Enterprises Transactions for Bravada Enterprises are provided below. Sept. 1 Bills are sent to clients for services provided in August for the amount of $2,200. Sept. 9 Barlue Furnishings delivers $1,500 of office furniture and $500 of office supplies to Bravada, leaving an invoice for $2,000. Sept. 15 Payment is made to Barlue for the office furniture and supplies delivered on September
9. Sept. 23 A $630 bill for advertising for the month of September is received. It will be paid on its due date in October. Sept. 30 Salaries of $450 are paid to employees. Refer to the transactions that occurred at Bravada Enterprises. The journal entry to record the September 9th transaction will include a credit of $2,000 to: A) Furniture & Supplies. B) Cash. C) Accounts payable. D) Delivery expense.