The number of days' payable is determined by dividing
A) the number of days in a year by the payables turnover.
B) the number of days in a year by average accounts payable.
C) cost of goods sold by average accounts payable.
D) inventory by average accounts payable.
A
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Which of the following is true of the buyer's right of inspection?
A. The buyer can reject the goods immediately after inspection but only after paying for the goods. B. If the terms of the purchase are cash on delivery, the buyer must pay for the goods before inspection unless they are marked "Inspection Allowed." C. If the terms of the purchase are cash on delivery, the buyer always has the right to inspect the goods before he pays for it. D. The buyer has a right to inspect goods only if the transaction involves the purchase of perishable commodities or electronic equipment.
Products should be designed to ensure ______ time between failures.
A. short B. equal C. long D. unequal
In order to avoid shortsightedness, today marketers are moving toward viewing communications as managing the ________ over time
A) organizational culture B) nonpersonal communication channels C) word-of-mouth influence D) customer relationship E) product life cycle
On March 1 . 2014, Hardy Corp became the lessee of new equipment under a noncancelable six-year lease. The total estimated economic life of this equipment is ten years. The fair value of this equipment on March 1 . 2014, was $100,000 . The lease does not meet the criteria for classification as a capital lease with respect to transfer of ownership of the leased asset, or bargain purchase option,
or lease term. Nevertheless, Hardy must classify this lease as a capital lease if, at inception of the lease, the present value of the minimum lease payments (excluding executory costs) is equal to at least a. $67,500. b. $75,000. c. $90,000. d. $100,000.