Team Shirts' receivables turnover was 12 times per year. The retail industry average for receivables turnover is 13 times per year
A) Team Shirts should improve its turnover to meet the industry standard.
B) Team Shirts' turnover is better than the industry standard.
C) Team Shirts is able to turn its receivables into cash more quickly than its competitors in the industry.
D) Team Shirts' average days to collect the receivables were greater than the retail industry average.
A
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The maturity value of a note is the ________
A) principal amount minus interest due at maturity B) principal amount plus interest due at maturity C) face amount of the note D) principal amount times the interest rate
An agent double-ending a transaction and whose agency agreements allow him to become a transaction-broker should
a. inform both parties verbally that he has changed status b. notify both parties of the change in writing using the Change of Status form c. do nothing because he can only represent one party as a transaction-broker d. do nothing because he automatically becomes a transaction-broker