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
C
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The Equal Employment Opportunity Commission (EEOC) investigated Chen's complaint of workplace discrimination against his employer and sent him a notice stating that it found no reasonable cause for his complaint. What is Chen's next step if he wants to pursue the claim?
A. Chen has 180 days after he receives a favorable letter of recommendation from the EEOC to sue his employer in federal court. B. Chen has 90 days after he receives a right-to-sue letter from the EEOC to sue his employer in federal court. C. Chen has no right to pursue his complaint further. D. Chen has 180 days after he receives a right-to-sue letter from the EEOC to file the same complaint with a 706 agency.
A house costs $148,000. It is to be paid off in exactly ten years, with monthly payments of $1737.54. What is the APR of this loan?
A) 6.25% B) 5.25% C) 7.25% D) 8.25%