For a firm, bank loans can be a source of cash and interest payments to the bank can be a use of cash
Indicate whether the statement is true or false.
Answer: TRUE
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What does total market potential mean? How can it be estimated?
What will be an ideal response?
The accounts receivable turnover ratio for a merchandiser is 9.7 times. Calculate the days' sales in receivables for the merchandiser. (Use 365 days in calculations as needed. Round your answer to the nearest day.)
A) 34 days B) 38 days C) 29 days D) 41 days
Which of the following statements is false regarding promissory notes?
A) They are sometimes used to extend past-due accounts. B) They can be resold to banks. C) They must be held by the maker until maturity. D) They are often received upon the sale of machinery and automobiles.
The North American Industry Classification System (NAICS) data can be used to:
a. identify scope for new product lines. b. determine purchase motives of customers. c. classify consumer behavior. d. identify potential new customers.