The operating cycle for a merchandiser that sells only for cash moves from:
A. Purchases of merchandise to inventory to accounts receivable to cash sales.
B. Inventory to purchases of merchandise to cash sales.
C. Accounts receivable to inventory to cash sales.
D. Accounts receivable to purchases of merchandise to inventory to cash sales.
E. Purchases of merchandise to inventory to cash sales.
Answer: E
You might also like to view...
A ________ refers to any place at which a company seeks to manage a relationship with a customer, whether through people, technology, or some combination of the two
A) customer-service interface B) product-customer interface C) tangible user interface D) attentive user interface E) crossing-based interface
The order fulfillment process ______.
a. may be done in-house b. cannot be outsourced c. cannot be offshored d. is supervised by a government agency
Everything else equal, if a firm with favorable future prospects raises funds by issuing new shares of common stock, _____.
A. its debt/assets ratio should increase B. its marginal bankruptcy-related costs should increase C. its retained earnings will increase immediately D. its taxable income should decrease E. the price of its stock will increase when future profits are realized by the firm
With a bill of lading, Cartage Common Carrier Company acknowledges possession of certain goods and contracts to deliver them. Cartage is
A. a bailee. B. a buyer in the ordinary course of business. C. a good faith purchaser for value. D. an F.O.B.