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The following information is available for Edmiston Company.  Beginning accounts receivable $70,000 Ending accounts receivable 110,000 Net sales 990,000\begin{array}{lr}\text { Beginning accounts receivable } & \$ 70,000 \\\text { Ending accounts receivable } & 110,000 \\\text { Net sales } & 990,000\end{array} Beginning accounts receivable  Ending accounts receivable  Net sales $70,000110,000990,000 Instructions
Compute the accounts receivable turnover and the average collection period.

On Jul 13, 2024


Accounts receivable turnover = 11 times $990000 /[($70000 + $110000) / 2]
Average collection period = 33.2 days (365 / 11)
AP

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Which of the following is an advantage of messaging over email?

A) Messaging functions on an open system
B) Anyone can participate in messaging
C) Messaging is better for conversational exchanges
D) There are no centralized control mechanisms for security threats on messaging systems
E) Alerts can be set up to let the receiver know about incoming messages

On Jul 11, 2024


C
AP

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The Condorcet paradox tells us that, even though it is impossible to satisfy all of Arrow's properties of a desirable voting system, pairwise majority voting will always satisfy transitivity.

On Jun 13, 2024


False
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Maintaining a target retention ratio is a goal in a compromise dividend policy.

On Jun 11, 2024


True
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An investment bank is a financial institution that finances federal budget deficits at very low interest rates.

On May 13, 2024


False
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The U.S.federal budget is determined exclusively by Congress.

On May 12, 2024


False