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- The following annual account balances are taken from ABC Co at year end. & Current Year & 1 Year Ago Accounts Receivable & 49,500 & 48,000 Net Sales & 580,000 & 535,000 Days Sales Uncollected & 31.15 days & 32.74 days Select the statements below that are correct regarding ABC Co.'s ability to collect its receivables from customers. ABC Co. has increased the amount of time it takes to collect receivables from customers from 1 year ago. ABC Co. took approximately 31 days to collect cash from its credit customers in the current year. ABC Co. has shortened the amount of time it takes to collect receivables from customers from 1 year ago to the curre ABC Co. has shortened the amount of time that money is tied up in receivables from 1 year ago.
- Drag and drop the examples of feedback types that you may receive in your workplace Written Report Formal Feedback Informal Feedback
- Which of the following is an example of a resource market A person pu purchasing their r groceries at a local Publix The bagger getting a discount in price for working at the store The factory where Publix loads up the trucks to send to the stores The job interview for a person trying to get a job
- in the carrying amount of an asset exceeds its recoverable amount D. The amount by which the recoverable amount of an asset exceeds its written down value 4. Wester PLC uses periodic inventory s stem.The following balances were taken from its accounting record Br.400,000 Merch ndise inventory balance is o. March 1,2023 Merch indis. i ventory balance as o. Murch 31.2023 Purchase durin the neriod Br.510,000 Purchase is cont Br.10,000 The cos or mer handise sold is Bi.5,000 A. Br.250.000 B Br.760,000 c Br.750,000 D. Br.745,000 __ 5. Lower-of-cost -or-net-realizabi as it applies to inventory is best described as: A. The method of determining cost of goods sold B. The assumption to determine inventory flow C. The reporting of a loss when there is a decrease in future utility below the original cost D The change in inventory value to the net realizable value __ 6. Definition of fair value focuses on __ because they are a primary subjec t of accounting measurement. A. Assets and liabilities C. Observable and unobservable inputs B. Rights and obligations D. Entry price and exit price __ 7. Fair value measureme nts are categorized into a three-level hierarchy, based on the type of inputs to the valuation techniq es used What innuts are required for a fair value meas urement to be classified a s level 3 inputs?
- 4. Your piece of ownership in stock is called a __ D. Cut A. Portion B. Share C. Slice