If a firm has $400,000 in credit sales and $50,000 in average account receivable, average days
collection is approximately
A) 5.563. B) 292. C) 29.2. D) 45.63.
D
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Distribution of stock dividends results in a decrease of assets
Indicate whether the statement is true or false
What type of data are you getting from the following survey item? How often do you perform this task?
___ Daily ___ Weekly ___ Monthly ___ A few times a year ___ Once a year a. nominal b. ordinal c. interval d. ratio
Bonds for two companies were just issued: Short Corp.'s bonds will mature in 5 years, and Long Corp.'s bonds will mature in 15 years. Both bonds promise to pay a semiannual coupon, they are not callable or convertible, and they are equally liquid. Further, assume that the Treasury yield curve is based only on expectations about future inflation, i.e., that the maturity risk premium is zero for T-bonds. Under these conditions, which of the following statements is correct?
A. If the Treasury yield curve is downward sloping, Long's bonds must under all conditions have the lower yield. B. If the yield curve for Treasury securities is upward sloping, Long's bonds must under all conditions have a higher yield than Short's bonds. C. If the yield curve for Treasury securities is flat, Short's bond must under all conditions have the same yield as Long's bonds. D. If Long's and Short's bonds have the same default risk, their yields must under all conditions be equal. E. If the Treasury yield curve is upward sloping and Short has less default risk than Long, then Short's bonds must under all conditions have the lower yield.
Spiegel, Inc, has a catalog merchandise return facility in Nevada. Spiegel employs many phone operators for processing return requests, and merchandise is returned to the facility and stored there for later dispatch. The state of Nevada has proposed taxing Spiegel's full inventory based on the theory that it could have passed through the Nevada facility. Spiegel's main warehouse is in Chicago,
Illinois. Nevada: A) has the power to tax Spiegel's full inventory because of its location in the state. B) has the power to tax Spiegel so long as all merchants in Nevada are taxed the same way. C) has properly apportioned its tax since it only applies to inventory and not income. D) does not have the authority under the U.S. Constitution to tax Spiegel's full inventory.