Which one of the following statements is true if a company's collection period for accounts receivable is unacceptably long?
a. The company may need to borrow to acquire operating cash.
b. The company may offer trade discounts to lengthen the collection period.
c. Cash flows from operations may be higher than expected for the company's sales.
d. The company should expand operations with its excess cash.
a
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Inadequate disclosure occurs when:
a. a company attempts to overstate assets to make their financial position look better. b. management makes statements that are wrong in its annual report or any other media. c. assets are not written down to their appropriate values because insufficient depreciation is recorded. d. a company understates its liabilities and overstates its revenues and net income.
Several years ago, the Paradise Surf Shop was the only surf-gear store catering to women. It carried everything the serious female surfer needed to ride the waves. In terms of its merchandise assortment, it had a ________ assortment
A) shallow and deep B) narrow and deep C) shallow and broad D) broad and deep E) shallow and narrow
Excluding some revenues, expenses, gains, losses from the earnings figure calculated using generally accepted accounting principles is an example of
a. income smoothing. b. "big bath" accounting. c. a "cookie jar" reserve. d. proforma earnings.
Rewarding ______ cannot be allowed if managers want the incentive program to continue to work in the future.
A. performers B. success C. productivity D. nonperformers