Granger Corporation had $180,000 in sales on account last year. The beginning accounts receivable balance was $10,000 and the ending accounts receivable balance was $18,000. The corporation's average collection period was closest to: (Round your intermediate calculations to 2 decimal places.)
A. 20.3 days
B. 56.8 days
C. 36.5 days
D. 28.4 days
Answer: D
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If the annual rate of interest in a market is 12%, the monthly rate of discount will equal
A. 1%. B. 12%. C. 24%. D. 144%.
Which of the following statements is not an example of local products or brands?
A) Coca-Cola developed several branded drink products for Japan. B) Coca-Cola markets Kinely brand bottled water in India. C) BMW uses "the ultimate driving machine" slogan in India. D) Diageo PLC markets Gordon's Edge, a gin-based ready-to-drink beverage in the United Kingdom. E) Coca-Cola developed a noncarbonated, ginseng-flavored beverage for Japan.
To a business, cash includes currency, coins, checks, and money orders
Indicate whether the statement is true or false
Why are passwords often considered the "Achilles' heel" of electronic systems?
a. Password selection is left to the end user and cannot be fully controlled. b. Systems cannot handle complex passwords. c. Any password can be easily hacked. d. No other control can better prevent fraud than the wise use of passwords.