Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1. in a manufacturing firm, which are the most imp

1. In a manufacturing firm, which are the most important accounts to analyze for liquidity problems? a....

70.2K

Verified Solution

Question

Accounting

1. In a manufacturing firm, which are the most importantaccounts to analyze for liquidity problems?

a. Cash account on the balance sheet

b. Cash, Accruals, Prepaid, and Accounts Receivable

c. Notes Payable, Cash, and Accounts Payable

d. Accounts Receivable, Inventory, and Accounts Payable

2. Golf Inc. and Golfanatics Corp. are close competitors. Lastyear, both had the same level of cost of goods sold, but Golf Inc.turned its inventory over five times during the year, whereasGolfanatics turned its inventory over every 65 days. If theobjective is to keep low inventory, which of the following istrue?

- Golf Inc., did a better job because its inventory turnover waslower

- Golfanatics did a better job because its inventory turnoverwas higher

- Golf Inc., did a better job because its day sales in inventorywas lower

- Golf Inc., did a better job because its level of inventory waslower was lower

Answer & Explanation Solved by verified expert
3.9 Ratings (703 Votes)
I hope this    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

List 2 functions of the following organs: ❖ kidneys ❖ ureters ❖ urinary bladder ❖ urethra 2. Describe the locations...

Medical Sciences
Q

The x t graph of a particle undergoing simple harmonic motion is shown below The...

Physics
Q

The four arms of a Wheatstone bridge as shown in figure have resistances as indicated...

Physics
Q

Randy buys a lawn tractor costing $975.90. The store charges $35 for assembly and $30...

Basic Math
Q

The most common form of simple regression uses two ratio level variables a ratio level...

Statistics
Q

Using Pascal's triangle, find the 4th power of 102.O 108,243,2160108243212O 108246216O 108223216

Calculus
Q

Question 11 of If w the weight of a trout which algebraic expression represents the...

Algebra
Q

Which graph represents the polynomial function g x x 5x 12x 36 O 50 40...

Algebra
Q

I put the new images of the whole question with all the parts. ...

Accounting
Q

During the year, Wright Company sells 525 remote-control airplanes for $110 each. The company has...

Accounting
Q

Tavis Robotics Corporation has developed a new robot-model FI-73-that has been designed to out perform...

Accounting
Q

Problem 14-13 Calculating the WACC [LO3] Dinklage Corp. has 7 million shares of common stock...

Finance