An operating cycle
a. is twelve months or less in length.
b. is the average time required for a company to collect its receivables.
c. is used to determine current assets when the operating cycle is longer than one year.
d. starts with inventory and ends with cash.
C
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A contractor finished a bridge across a lake 18 months early and received more than $6 million for the early completion. This is an example of reducing project duration caused by
A. Imposed project deadlines. B. Time to market. C. Unforeseen project delays. D. High overhead. E. Incentive contracts.
When the owner of the business invests additional cash in the business:
a. the Cash account is debited. b. the owner's Capital account is credited. c. the owner's Capital account increases. d. the Cash account increases. e. All of the above are correct.
What has become the most critical issue for marketers in recent years?
a. how to conduct social media marketing b. how to manage consumer reviews on Twitter c. how to choose the most effective mix of online and offline marketing channels d. all of the above
The accounts receivable for Note Corporation was $240,000 at the beginning of the year and $260,000 at the end of the year. If the accounts receivable turnover for the year was 8 and 20% of the total sales were cash sales, the total sales for the year were:
A. $2,500,000 B. $2,600,000 C. $2,000,000 D. $2,400,000