One of the components of a cash conversion cycle is the average collection period
Indicate whether the statement is true or false
TRUE
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A decrease in accounts receivable should be presented in a statement of cash flows (indirect method) as
a. an inflow and outflow of cash. b. an outflow of cash. c. a deduction from net income. d. an addition to net income.
Jennings, Inc. has a tax liability of $170,000 on pretax income of $500,000. What is the average tax rate for Jennings, Inc.?
A) 34 percent B) 46 percent C) 25 percent D) 40 percent
Employerrefuses to employ Emma as a salesperson because she is too young and has visible tattoos on her arm. Emma has a valid case for employment discrimination because
a. Federal law prohibits disparate treatment based upon her youth b. Federal law prohibits disparate impact discrimination based upon the fact that more young people will have tattoos. c. Both of the above d. Neither of the above
In states that have adopted full shield statutes, partners may be held personally liable for
A. any debts and obligations of the partnership. B. partnership obligations incurred due to their own wrongdoing. C. no debts and obligations incurred by the partnership. D. partnership debts and obligations incurred due to the wrongdoing of other partners.