A firm purchased raw materials on account and paid for them within 30 days. The raw materials were used in manufacturing a finished good sold on account 100 days after the raw materials were purchased
The customer paid for the finished good 60 days later. The firm's cash conversion cycle is ________ days.
A) 10
B) 70
C) 130
D) 190
C
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To prepare the statement of cash flows requires analyzing changes in balance sheet accounts during the accounting period. As an outcome of correct double-entry recording of all transactions, the net change in cash will be _____ the net change in all noncash accounts
a. greater than b. less than c. equal to d. greater than or be less than e. greater than or be equal to
Describe the roles of direct marketing and personal selling in marketing communications
What will be an ideal response?
Government officials of Country Z estimate that next year's public programs will cost $19 million but that tax revenues will be only $15 million. The officials could avoid a deficit next year by adopting which of the following fiscal strategies?
A. Increase taxes by $4 million. B. Borrow $4 million by issuing new government bonds. C. Reduce the cost of public programs by $4 million. D. All of these strategies will avoid a deficit.
Elison Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price$111 Units in beginning inventory 0Units produced 7,500Units sold 7,200Units in ending inventory 300 Variable costs per unit: Direct materials$24Direct labor$34Variable manufacturing overhead$1Variable selling and administrative expense$5Fixed costs: Fixed manufacturing overhead$217,500Fixed selling and administrative expense$115,200 What is the net operating income for the month under variable costing?
A. $(12,000) B. $14,400 C. $5,700 D. $8,700