Your average customer is located 5 mailing days away from your firm. You have determined that on average it is taking your firm 2 days to process payments received from customers. In addition, it takes 3 days for your funds to be available for use once you have made your bank deposit. What is your firm's collection time?

A) 1 day
B) 4 days
C) 6 days
D) 7 days
E) 10 days

The balance of Material Q on May 1 and the receipts and issuances during May are as follows: Determine the cost of each of the issuances under a perpetual system, using the FIFO method.

Alfredo Inc.reports net income of $230,000 for the year ended December 31.It also reports $87,700 depreciation expense and a $5,000 gain on the sale of equipment.Its comparative balance sheet reveals a $35,500 decrease in accounts receivable,a $15,750 increase in accounts payable,and a $12,500 decrease in wages payable.Calculate the cash provided (used) in operating activities using the indirect method.

A) $376,450.
B) $351,450.
C) $356,450.
D) $319,950.
E) $263,750.

In order for a receiver to understand a communicated message, he or she must first ________ the message.

A) filter
B) encode
C) decode
D) transmit
E) integrate

Research shows that more engaged people are

A) better performers.
B) better organizational citizens.
C) less absent.
D) better performers and better organizational citizens.
E) better performers and less absent.

Interested parties are not given the opportunity to express their views on a proposed rule because their efforts might influence agency policy.

Which of the following is NOT a part of GDP?

A) The value of sales of stocks and bonds bought and sold during the year
B) The value of a haircut
C) The value of a new car produced and purchased during the year
D) The value of new houses built during the year