The length of the operating cycle equals the days' sales uncollected plus the
A) days' payable.
B) days' inventory on hand.
C) receivable turnover.
D) payables turnover.
B
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Whether or not you should apologize when delivering bad news about transactions depends mainly on
A) how much the customer has purchased from your company in the past. B) the medium you are using for the message. C) how long it has been since the problem occurred. D) the nature of the relationship with the customer. E) if you didn't meet agreed upon expectations.
Uncle Jim's is a brand of ready-to-eat snacks that is widely distributed in supermarkets and stores across the country. The marketing team has recently suggested that the company adopt database marketing so that it can better target its customers
Should Uncle Jim's create a database? Give reasons for your answer.
Investments with a maturity of less than a year are classified as cash equivalents
Indicate whether the statement is true or false
Use the following information to answer the question below. When Langston Corporation was formed on January 1, 20x5, the corporate charter provided for 100,000 shares of $10 par value common stock. The following transactions were among those engaged in by the corporation during its first month of operation: 1. The corporation issued 400 shares of stock to its lawyer in full payment of the $10,000
bill for assisting the company in drawing up its articles of incorporation and filing the proper papers with the state agency. 2. The company issued 16,000 shares of stock at a price of $50 per share. 3. The company issued 14,000 shares of stock in exchange for equipment that had a fair market value of $320,000. The entry to record transaction 3 is: A) Equipment 320,000 Common Stock 320,000 B) Common Stock 140,000 Equipment 140,000 C) Equipment 140,000 Common Stock 140,000 D) Equipment 320,000 Common Stock 140,000Additional Paid-in Capital 180,000