How high can accounts receivable be allowed to grow before the firm's receivables period exceeds 50 days if annual sales equal $5 million and the cash conversion cycle equals 75 days?

A) $1,712,329
B) $1,027,397
C) $342,466
D) $684,932

Answer: D) $684,932

Business

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Demand forecast accuracy is important because overestimating demand leads to ________

A) discount blowouts B) decreased inventory costs C) lost sales D) increased prices

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A professor hands out survey forms during her classes, where the population is all students attending the college. This is an example of:

A) a convenience sample. B) a simple random sample. C) a stratified sample. D) a cluster sample.

Business