This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The operating cycle for a merchandising firm is ________. A) obtain cash from stockholders, ... (Read 89 times)

Lobcity

  • Hero Member
  • *****
  • Posts: 524
on: Jul 5, 2018
The operating cycle for a merchandising firm is ________.
 
  A) obtain cash from stockholders, invest cash in equipment, earn more cash
  B) borrow cash from lenders, earn cash from customers, repay lenders
  C) start with cash, buy inventory, sell inventory to customers, collect cash from customers
  D) issue stock to owners, earn a profit, pay dividends to owners

Question 2

Regarding internal control systems:
 a. ultimate ownership of the system should rest with the board of directors.
  b. a properly implemented system can be expected to provide 100 percent assurance that the organization will meet its objectives.
  c. both a. and b.
  d. neither a. not b.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mohan

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jul 5, 2018
Answer to Question 1

C

Answer to Question 2

D


Lobcity

  • Hero Member
  • *****
  • Posts: 524
Reply #2 on: Jul 5, 2018
Correct answers!


mohan

  • Sr. Member
  • ****
  • Posts: 362
Reply #3 on: Jul 5, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

The sulphur cycle. The sulphur cycle.
The Cell Cycle The Cell Cycle
Release of Acetylcholine During the Sleep–Waking Cycle Release of Acetylcholine During the Sleep–Waking Cycle
Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ... Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ...
The Krebs–Henseleit urea cycle The Krebs–Henseleit urea cycle
The stages comprising an arbitrary cell cycle The stages comprising an arbitrary cell cycle
Video: Allergic Rhinitis

For a complete list of videos, visit our video library