InterComp normally sells $50,000 worth of software to Power Source, a retail elec¬tronics store, each summer on terms requiring payment in sixty days. One year, InterComp wants cash, but Power Source wants the usual sixty days. To meet both needs, the parties can arrange
a. a certificate of deposit.
b. a bearer bond.
c. a trade acceptance.
d. an international letter of credit.
C
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The accounts receivable turnover measures
a. how frequently during the year the accounts receivable are converted to cash b. the number of days of accounts receivable outstanding c. the fair market value of accounts receivable d. the efficiency of the accounts payable function
The international product structure eliminates the duplication of product and area specialists.
Answer the following statement true (T) or false (F)
After conducting market research, Olivia is still uncertain how to price her honey jars. She decides to bring samples to local farmer’s markets and sell them at different price points. What skill is Jess practicing in this scenario?
a. skill of creativity b. skill of reflection c. skill of experimentation d. skill of play
Using the following year-end information for Bauman, LLC, calculate the current ratio and acid-test ratio: Cash$70,200?Short-term investments12,800?Accounts receivable49,500?Inventory242,000?Prepaid expenses18,000?Accounts payable100,500?Other current payables28,000?
A. 2.91 and 0.97. B. 3.05 and 0.33. C. 0.97 and 3.05. D. 3.05 and 1.03. E. 1.17 and 3.91.