Working capital:
a. is the adequacy of cash.
b. is the relationship between profitability and working capital.
c. is subject to understatement if certain assets are understated.
d. is the time required to go from cash to inventory to sales and accounts receivable and back to cash.
c
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Use the five transactions for Hennigan Company described below to answer the question(s) that follow(s). Dec 1 Hennigan purchases two new saws on credit at $375 each. The saws are added to Hennigan's rental inventory. Payment is due in 30 days. 8 Hennigan accepts advance deposits for tool Company of $75. 15 Hennigan receives a bill from Farmer's Electric Company for $150 . Payment is due in 30
days. 20 Customers are charged $750 by Hennigan for tool Company. Payment is due from the customers in 30 days. 31 Hennigan receives $500 in payments from the customers that were billed for Company on December 20. Refer to the transactions for Hennigan Rentals. Based on the above transactions, how much is still owed to Hennigan on December 31 from its customers? a. $ -0- b. $ 250 c. $ 500 d. $ 750
One of my followers has been verbally lashing out at me publicly about a decision I made. I stay calm and reiterate to him that my decision is consistent with my internal standards and those of the company. Which component of authentic leadership am I using?
A. relational transparency B. self-awareness C. internal moral reasoning D. optimism
One might infer from a debit balance in Allowance for Uncollectible Accounts that
A) a posting error has been made. B) Uncollectible Accounts Expense has been overestimated. C) the accounts receivable aging method apparently is being used. D) more has been written off than had been estimated.
Which of the following is true about the northwest corner rule?
a. It generates neither feasible solutions nor optimum least-cost solutions. b. It generates both feasible solutions and optimum least-cost solutions. c. It generates feasible solutions but not necessarily optimum least-cost solutions. d. It generates optimum least-cost solutions but not necessarily feasible solutions.