The accounts receivable turnover ratio for a merchandiser is 10 times. Calculate the days' sales in receivables for the merchandiser. (Round your answer to the nearest day.)

The following budget data pertain to the Machining Department of Yolkenverst Co.:

ourFixed factory overhead$433,500 The company prepared the budget at 85% of the maximum capacity level. The department uses machine hours as the basis for applying standard factory overhead costs to production. The budgeted total factory overhead for the Machining Department, rounded to the nearest dollar, is:

The market value of a fixed-rate liability will decrease as interest rates rise, just as the market value of a fixed-rate asset will decrease as interest rates rise.

a. true b. false