What is the equation for the cash conversion cycle?
A) Operating Period + Accounts Payable
B) Operating Period × Accounts Payable
C) Operating Period - Accounts Payable
D) Operating Period / Accounts Payable
C
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Robert steals a truckload of plasma televisions that belong to Karson Electronics Store. He then resells it to Stu-Mart, which is unaware of the stolen nature of the goods. Karson Electronics Store then traces the plasma televisions to Stu-Mart
Robert is also arrested for the theft. Which of the following is true for Karson's legal course for reclaiming the televisions or recovering damages? A) Stu-Mart is a good-faith purchaser here and as such does not have to hand over the televisions to Karson. B) Stu-mart must hand over the televisions to Karson as its title to the goods is void. C) Karson's only recourse is against Robert to claim damages. D) Karson's cannot reclaim the goods, but can sue Stu-Mart for negligence and damages.
Anaconda Copper Inc. created a subsidiary in Chile last year to mine copper ore. The proportion of net income paid back to the parent company as a dividend would be recorded in the current account subcategory of:
A) services trade. B) income trade. C) goods trade. D) current transfers.