Exams & Certification

Receivables might be sold to a. lengthen the cash-to-cash operating cycle.b. take advantage of deep discounts on the cash realizable value of receivables.c. generate cash quickly.d. finance companies at an amount greater than cash realizable value. The correct answer and explanation is : The correct answer is c. generate cash quickly. Explanation: Receivables represent amounts […]

At Richardson Manufacturing Company, there are two factors that determine the cost of health care. If an employee makes less than $55,000 per year, he pays $40 per month for individual coverage and $85 per month for family coverage. If an employee makes at least $55,000 per year, individual coverage is $70 per month and

Major advantages of credit cards to the retailer include all of the following except the a. issuer does credit investigation of the customer.b. issuer maintains customer accounts.c. retailer receives more cash from the credit card issuer than from the customer.d. issuer undertakes the collection process and absorbs any losses. The correct answer and explanation is

What is the equation for total magnification? a. Objective lens x ocular lens b. Fine focus lens x ocular lens c. Objective lens x fine focus lens d. Course objective lens x fine focus lens The correct answer and explanation is : The correct answer is a. Objective lens x ocular lens. Explanation: Total magnification

The density of water at 25 °C is 0.997 g/ml and the density of vegetable oil at this temperature is 0.970 g/mL. Oil and water do not mix, so when 5 mL of each liquid is poured into a test tube, two layers form. Which layer is found on the top? The correct answer and

Convert 82.5 °C to temperature in degrees Fahrenheit. a. 28.1 F b. 124.7 F c. 180.5°F d. 196.3 °F e. 356 °F The correct answer and explanation is : To convert 82.5°C to Fahrenheit, we use the formula: [F = \left( \frac{9}{5} \times C \right) + 32] Where: In this case, the temperature is 82.5°C.

Is the $9,000 signing bonus for new employees, as specified in the UAW–Ford contract, an example of a gift promise? a Yes, because it pays workers for not performing any labor. b Yes, because it is a gift to workers who have ratified the new contract. c No, because the law requires that all employees,

Major advantages of credit cards to the retailer include all of the following except the a. issuer does credit investigation of the customer.b. issuer maintains customer accounts.c. retailer receives more cash from the credit card issuer than from the customer.d. issuer undertakes the collection process and absorbs any losses. The correct answer and explanation is

If a company sells its accounts receivables to a factor, a. the seller pays a commission to the factor.b. the factor pays a commission to the seller.c. there is a gain on the sale of the receivables.d. the seller defers recognition of sales revenue until the account is collected. The correct answer and explanation is

Create a new file with the name of What-if-analysis. Take your own content or data and use goal seek, scenario manager, and data table features. The correct answer and explanation is : To create a file for a “What-If Analysis” using Excel or a similar spreadsheet tool, I will walk you through the process using