A firm's credit terms specify "1/10 net 30" and the accounts receivable days outstanding is 32 days. Which of the following can be concluded on the basis of this information?
A) Most customers pay on time.
B) The average customer pays two days late.
C) All customers have paid within 32 days of purchase.
D) All customers pay late.
Answer: B
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Which of the following statements regarding leases is false?
a. Lease agreements are a popular form of financing the purchase of assets because leases do not require a large initial outlay of cash. b. Accounting recognizes two types of leases—operating and capital leases. c. If a lessor classifies a lease as a capital lease, then the lessee records a lease liability on its balance sheet. d. If a lease is classified as an operating lease, the lessee records a lease liability on its balance sheet.
Which of the following retailers would be the most dependent on traffic counts?
A. 7-Eleven B. Bill's Wash-n-Fold C. Old Navy D. Bed, Bath and Beyond E. Macy's
Because of stress that healthcare workers endure, OD professionals have found that they need clear roles, social support, and professional autonomy to reduce which of the following?
a. job satisfaction b. job dissatisfaction c. professional stress d. burnout and turnover
Sales promotions that allow consumers to accumulate points or other benefits for doing business with the same company are known as
A. loyalty programs. B. premium programs. C. allowances. D. contests. E. rebate programs.