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 116 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?

Thyroid conditions may make getting pregnant impossible.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

The carbon cycle. The carbon cycle.
Flowchart of the cell cycle. Flowchart of the cell cycle.
An accessory belt tensioner. Most tensioners have a mark that indicates normal operating location. ... An accessory belt tensioner. Most tensioners have a mark that indicates normal operating location. ...
The Citric Acid Cycle The Citric Acid Cycle
The rock cycle and the Earth’s physical environment The rock cycle and the Earth’s physical environment
Cori Cycle Cori Cycle
Video: Digestive chemicals - types & enzymes

For a complete list of videos, visit our video library