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NEW QUESTION: 1
A firm has total assets of 5,320, net sales of 8,395, average receivables of 894, current assets of 2,393 and a current ratio of 1.2. Its average receivables collection period equals ________.
A. 41.73 days
B. 23.19 days
C. 38.87 days
D. 29.92 days
Answer: C
Explanation:
Explanation/Reference:
Explanation:
This is measured by two ratios in slightly different ways:
a. Receivables turnover ratio = Net annual sales/average receivables
b. Average receivables collection period = 365/receivables turnover
In this case, receivables turnover = 8,395/894 = 9.39. Therefore, average receivables collection period
365/9.39 = 38.87 days. Notice that the collection period is measured in "days."
NEW QUESTION: 2
What do you need to consider when creating a secondary index on a table?
There are 2 correct answers to this question
Response:
A. The index can be created for specific database systems only
B. The table will be updated more quickly if you create more indexes
C. The most frequently selected fields should be at the first positions in the index
D. The index must always be unique
Answer: C,D
NEW QUESTION: 3
For each of the following statements, select Yes if the statement is true. Otherwise, select No.
NOTE Each correct selection is worth one point.
Answer:
Explanation:
Explanation
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