The receivables turnover is expressed in terms of
A) times.
B) days.
C) a percentage.
D) dollars.
A
You might also like to view...
Acquisition cost includes all of the costs that are normal and necessary to acquire and maintain a plant asset over its useful life
a. True b. False Indicate whether the statement is true or false
Scanner data that provides information on purchases by brand, size, price, and flavor or formulation are called ________
A) segmenting data B) volume-tracking data C) secondary data D) modular data E) audiologs
Ted Catering received $840 cash in advance from a customer for catering services to be provided in three months. Determine the general journal entry that Ted Catering will make to record the cash receipt. Assume the company's policy is to initially record prepaid and unearned items in balance sheet accounts.
A.
| Cash | 840? | |
| Accounts Receivable | 840? |
B.
| Accounts Receivable | 840? | |
| Catering Revenue | 840? |
C.
| Unearned Catering Revenue | 840? | |
| Catering Revenue | 840? |
D.
| Cash | 840? | |
| Catering Revenue | 840? |
E.
| Cash | 840? | |
| Unearned Catering Revenue | 840? |
____ activities are unnecessary activities
A) Frivolous B) Nonvalue-added C) Expensive D) Under-performing E) none of these