A journal designed for entering only sales on account is called the
a. cash
receipts journal; b. accounts receivable journal; c. sales journal; d. sales on account journal; e. general journal
C
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The weighted average method combines prior-period work and cost with current-period work and costs
Indicate whether the statement is true or false
A company may need to trade-off between ______.
a. transportation costs and responsiveness to its customers b. transportation costs and compliance with government regulations c. government regulations and responsiveness to its customers d. responsiveness to its customers and ISO standards
Starwood Corporation has current assets of $200,000, total current liabilities of $750,000 net credit sales of $1,300,000, beginning accounts receivable of $65,000 and ending accounts receivable of $69,000. What is Starwood's accounts receivable turnover?
A. 5.8 times B. 21.8 times C. 22.4 times D. 19.4 times
Use the information in Scenario 9.3. What is the economic order quantity for the XO-01?
A) less than or equal to 100 units B) greater than 100 units but less than or equal to 180 units C) greater than 180 units but less than or equal to 250 units D) greater than 250 units