Changes in a firm's collection policy can affect sales, working capital, and profits.

Answer the following statement true (T) or false (F)


True

Business

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There is an appropriate test to compare two averages when there are no groups such as male v. female. The test calculates differences between the averages of two different variables

Indicate whether the statement is true or false

Business

Hughes Company manufactures harmonicas which it sells for $31 each. Variable costs for each unit are $18 and total fixed costs are $3925. How many units must be sold to earn income of $5500?

A) 725 B) 423 C) 304 D) 524

Business

An offer made in undue excitement is an effective offer.

Answer the following statement true (T) or false (F)

Business

Certified Management Accountants (CMA) must complete a specified number of continuing professional education credits each reporting period. Which of the four standards of ethical conduct issued by the Institute of Management Accountants likely motivated this requirement?

A. Confidentiality B. Integrity C. Competence D. Objectivity

Business