The days' sales in receivables ratio indicates the number of days it takes to collect the average level of accounts receivable
Indicate whether the statement is true or false
TRUE
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Under absolute purchasing-power parity,
A. the exchange rate equals 1 if both the countries have equal price indices. B. interest-rate parity holds. C. relative purchasing-power parity cannot hold. D. a currency depreciates relative to another currency by the amount by which the inflation rate is lower in the first country than in the second country.
The amortization of discount on bonds purchased as a long-term investment
A) decreases the amount of interest expense B) increases the amount of the investment account C) decreases the amount of the investment account D) increases the amount of interest expense
In 2017 about what percentage of people around the world had no access to the Internet?
A. 25 percent. B. 5 percent. C. 98 percent. D. 52 percent.
Both the sales volume variance and the flexible budget variance help revenue center managers understand why they have exceeded or fallen short of budgeted revenue
Indicate whether the statement is true or false