If the receivables turnover is 3.1 times, what is the days' sales uncollected?
A) 10 days
B) 85 days
C) 118 days
D) cannot be determined with information given
C
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Under the perpetual moving average method, the sale of inventory does not change the moving average cost
Indicate whether the statement is true or false
The records of Roadmaster Auto Rentals show the following information as of December 31. The sole stockholder, Rob Fletcher received dividends of $52,000 during the year. Prepare a December income statement, a December statement of retained earnings, and a December 31 balance sheet.Accounts payable $36,000?Wages expense $75,000Insurance expense 2,000?Advertising expense 22,000Accounts receivable 24,000?Cash 11,000Common stock60,000?Office Furniture 15,000Airplanes 150,000?Maintenance expense 39,000Notes payable 47,000?Revenues 217,000Hangar 60,000?Retained earnings, January 190,000
What will be an ideal response?
Which special type of team resulted from the pushing down of decision making into lower levels of an organization?
a. Self-directed work teams b. Virtual teams c. Cross-functional teams d. Functional teams
Small business investment companies (SBICs) are corporations chartered by the federal government that can borrow at attractive rates from the U.S. Treasury and use the funds to make venture capital investments in private companies
Indicate whether the statement is true or false