____________ demand relates to finished goods while _____________ demand relates to component parts.

At year-end, Schultz Inc. has cash of $11,600, current accounts receivable of $48,900, merchandise inventory of $37,900, and prepaid expenses totaling $5,100. Liabilities of $55,900 must be paid next year. Assume accounts receivable had a beginning balance of $67,400 and net credit sales for the current year totaled $807,800. How many days did it take Schultz to collect its average level of receivables?

A. 49 B. 35 C. 29 D. 26

A misrepresentation is considered fraud even if it is made without intent to deceive another party

Indicate whether the statement is true or false