Article 9 of the UCC makes ineffective any term in a contract prohibiting the assignment of a security interest arising out of a sale of any right to payment for goods sold
a. True
b. False
Indicate whether the statement is true or false
True
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In a backflush environment, costs are tracked through the various production departments as products or services move through the production process
Indicate whether the statement is true or false
The words limited partnership can be abbreviated to Ltd. in the title of a limited partnership
Indicate whether the statement is true or false
The total cost in the EOQ is ______.
a. insensitive to minor deviations in the order quantity from the EOQ amount b. sensitive to minor deviations in the order quantity from the EOQ amount c. insensitive to major deviations in the order quantity from the EOQ amount d. sensitive to deviations in the order quantity from the EOQ amount by more than 20%
Which of the following statements is CORRECT?
A. Other things held constant, the higher a firm's days sales outstanding (DSO), the better its credit department. B. If a firm that sells on terms of net 30 changes its policy to 2/10, net 30, and if no change in sales volume occurs, then the firm's DSO will probably increase. C. If a firm sells on terms of 2/10, net 30, and its DSO is 30 days, then the firm probably has some past due accounts. D. If a firm sells on terms of net 60, and if its sales are highly seasonal, with a sharp peak in December, then its DSO as it is typically calculated (with sales per day = Sales for past 12 months/365) would probably be lower in January than in July. E. If a firm changed the credit terms offered to its customers from 2/10, net 30 to 2/10, net 60, then its sales should increase, and this should lead to an increase in sales per day, and that should lead to a decrease in the DSO.