The accounts receivable turnover ratio measures ________.
a) how well a company can pay its current liabilities with its current asset
b) how many days it takes, on average, to collect receivables
c) how many days it takes, on average, to sell the inventory
d) the number of times a company collects the average accounts receivable balance in a year
Answer : d) the number of times a company collects the average accounts receivable balance in a year
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A two-party instrument in which one person makes an unconditional promise in writing to pay another person, with or without interest, either on demand or at a specified, future time is a ________.
A. check B. draft C. certificate of deposit D. promissory note
Which of the following would be an example of a fixed cost?
A) raw materials B) sales commissions C) utilities D) property taxes
Which of the following statements is true?
a. When the distribution is positively skewed, mean < median < mode. b. When the distribution is negatively skewed, mean > median > mode. c. When the distribution is symmetric and unimodal, mean = median = mode. d. When the distribution is symmetric and bimodal, mean = median = mode.
The least-preferred coworker questionnaire measures whether a leader is task or relationship oriented.
Answer the following statement true (T) or false (F)