Nurix, Inc. sold goods on credit terms n/20 to Jelly Harper, Inc. This means no discounts are offered, and the amount of the invoice is due 20 days after the invoice date
Indicate whether the statement is true or false
TRUE
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The operating cycle of a manufacturer is the length of time between the
a. purchase of raw materials and the sale of the goods. b. sale of the goods and the collection of any outstanding receivables from the sale of the product. c. purchase of raw materials and collection of any outstanding receivables from the sale of the product. d. purchase of raw materials and the production of goods.
Which of the following is NOT one of the three leadership tasks critical to fostering employee creativity as identified by Bangle (2001)?
a. Allow creativity to occur outside the constraints of budgets and finances b. Managers must have outstanding communication skills and abilities c. Managers must carefully control the change process and ensure they are kept in the loop about all key ideas and decisions d. Managers should avoiding rushing the process from innovation to implementation, and allow people time for creativity to flourish and develop
Which of the following is true of a franchising relationship?
A) A franchisor pays a percentage of the gross sales to a franchisee. B) Usually, a franchisee is a foreign national whom a franchisor supplies with goods. C) A franchisee sells or distributes goods using a trade name or trademark owned by a franchisor. D) Federal law allows franchisors to terminate franchise agreements without any cause in order to protect their patent rights.
Based on the information in Table 4-1, the current ratio is
A) 1.98. B) 2.86. C) 1.92. D) 2.88.