Which of the following is NOT true about accounts receivable?
a. As long as a credit remains outstanding and has not been collected, it cannot be counted as part of the firm’s cash flow.
b. The firm does not have the use of those funds to purchase goods and services it needs to remain in business.
c. A firm that provides credit must maintain accounts receivable.
d. Accounts receivables are not used in small companies.
e. It is the amount of money owed to a business from customers who purchased its goods or services.
d. Accounts receivables are not used in small companies.
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Which of the following would not be included in the cost of land?
a. Cost of clearing unneeded building from land b. Sewer assessment from local government c. Cost of paving land for parking d. Commission to real estate agent
Explain how companies select, motivate, and evaluate intermediaries or channel members
What will be an ideal response?
Treasury stock
a. purchases can be a severe drain on cash. b. may be preferred stock. c. reduces the assets of a company. d. are all of these.
Source data identifies the primary location where data is collected. It can include invoices, spreadsheets, timesheets, transactions, and electronic sources such as other databases.
Answer the following statement true (T) or false (F)