The receivables turnover ratio is calculated as:
a. 365 ÷ Average Receivables.
b. Average Receivables ÷ 365.
c. Cash Sales ÷ Average Receivables.
d. Credit Sales ÷ Average Receivables.
d
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Each of the following documents is used in the control of cash disbursements except:
a. Purchase requisitions b. Purchase orders c. Receiving reports d. Cash register tapes
Each of the following is a pay for performance approach, EXCEPT ______.
a. flexible spending accounts b. bonuses c. profit sharing d. stock options
After initial control chart construction, the third step to continue statistical monitoring of a process is?
a. Collect samples of size four or five periodically b. Plot sample means and ranges on the control charts c. If the process trends out of control, investigate the causes and eliminate assignable variations d. Ensuring that the process is in control before beginning statistical monitoring
Jamie is redoing his kitchen and decides he needs a floor sander to complete the job. Jamie tells Rachel, his neighbor, that he needs a floor sander. Rachel tells Jamie to call Home Repair Rentals, Inc Home Repair Rentals leases Jamie a floor sander. In this transaction the lessor is A) Jamie
B) Rachel. C) Home Repair Rentals. D) both Jamie and Rachel.