Stratosphere Industries has an average days' in receivable of 36 days. What is Stratosphere's Accounts Receivable turnover closest to? (Assume a 365-day year in your calculations. Round your final answer to the closest day.)
A) 36
B) 10
C) 9
D) 12
B) 10
Explanation: 365/days in receivables; ex: 365/36 = 10
You might also like to view...
Why do cultures differ and persist?
What will be an ideal response?
In the information system (IS) department, the ________ group manages the process of creating new information systems as well as maintaining existing information systems.
A. outsourcing relations B. technology C. networking D. development E. operations
The Sword and the Millstone (Scenario)Sandra Millstone, the CEO of Excalibur Manufacturing Company, had concluded that the company would have to reduce its employee group by 10 percent as the industry was severely hit by the ongoing economic recession. She spent over 30 hours preparing charts, tables, graphs, diagrams, and other forms of visual aids for her presentation to the employees about the upcoming reduction in force so that they could understand the reason and plan their next move. By the time that Sandra had finished the presentation to the employees, she had spoken for one and one-half hours, shown 14 visual aids, and no one asked a question. The employees were probably dealing with which of the following barriers to effective communication?
A. information overload B. selective perception C. knowledge management D. cultural constraints
Which of the following statements is CORRECT? Assume that the project being considered has normal cash flows, with one outflow followed by a series of inflows.
A. The higher the cost of capital used to calculate the NPV, the lower the calculated NPV will be. B. If a project's NPV is greater than zero, then its IRR must be less than the cost of capital. C. If a project's NPV is greater than zero, then its IRR must be less than zero. D. The NPVs of relatively risky projects should be found using relatively low costs of capital. E. A project's NPV is generally found by compounding the cash inflows at the cost of capital to find the terminal value (TV), then discounting the TV at the IRR to find its PV.