If a company's operating cycle is much longer than its average payment period for suppliers, it creates the need to borrow money to fund its inventories and accounts receivable.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Which one of the following entries would not be likely to be made by a corporation?
A) Land XXCommon Stock, $10 stated value XXAdditional Paid-in Capital on Common Stock XX B) Cash XXCommon Stock, no-par XXAdditional Paid-in Capital on Common Stock XX C) Cash XXSubscriptions Receivable: Common Stock XXCommon Stock Subscribed XXAdditional Paid-in Capital on Common Stock XX D) Building XXCommon Stock, no-par XX
A remittance advice is attached to a(n)
a. check. b. invoice. c. purchase order. d. receiving report.
The performance reports of ________ contain actual and budgeted information on both their revenues and costs.
A) profit centers B) cost centers C) revenue center D) KPI centers
The number of electrical outages in a city varies from day to day. Assume that the number of electrical outages (x) in the city has the following probability distribution. ? ? x f(x) ? 0 0.80 ? 1 0.15 ? 2 0.04 ? 3 0.01 ? The mean and the standard deviation for the number of electrical outages (respectively) are ?
A. 2.6 and 5.77. B. 0.26 and 0.577. C. 3 and 0.01. D. 0 and 0.8.