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The Receivables Days ratio may be distorted A/ Factoring of Accounts Receivable B Using year end figures and not averagen C Sales on long credit terms to a small num All of the above

The Receivables Days ratio may be distorted A/ Factoring of Accounts Receivable B Using year end figures and not averagen C Sales on long credit terms to a small num All of the above

Financial Accounting Intro Concepts Meth/Uses
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter8: Revenue Recognition, Receivables, And Advances From Customers
Section: Chapter Questions
Problem 46P
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The Receivables Days ratio may be distorted by A/ Factoring of Accounts Receivable BUsing year end figures and not averages C Sales on long credit terms to a small number of customers All of the above 8. The Working Capital Cycle includes: Receivables Collection Period Payables Payment Period Gross Profit Margin Inventory Turnover Period Answer A () and (ii) B (i) and () Ⓒ) () and (iv) D() () () and (iv). 9. The symptoms of overtrading may be all of the following except: A Increasing inventory higher than increase in sales B. Increasing Earnings per Share (EPS) C. Declining cash and liquid assets D. Rapid increase of trade payables 10.Value for Money can be achieved through the combination of External environment Efficiency Effectiveness (iv Economy Answer A (i) and (ii) B. (i) and (ii) C. (). (i) and (iv) (ii), (iii) and (iv) 11.A repurchase agreement occurs when a company sells an asset but retains the right to continue to use the asset. Indications of such an agreement may include: L When a sale is to a financing company or to a bank il. When a sale is below fair value iii. When the possession of the asset is transferred to the buyer When an entity continues to hold the majority of risks iv. Answer A (i) and (i) B. (i) and (iii) C. (i), (ii) and (iv) D. (i), (ii) and (iv). 12. Indicators of a transfer of control of an Asset may include the following: 1. The customer has legal title to the asset. ii. The customer is promised that the title will be transferred within 12 months The entity transfers the physical possession of the asset. in. iv. The customer has accepted the asset. Answer A. (i) and (ii) B. (i) and (iii) C. (). (i) and (iv) D. (1). (ii) and (iv).
Transcribed Image Text:The Receivables Days ratio may be distorted by A/ Factoring of Accounts Receivable BUsing year end figures and not averages C Sales on long credit terms to a small number of customers All of the above 8. The Working Capital Cycle includes: Receivables Collection Period Payables Payment Period Gross Profit Margin Inventory Turnover Period Answer A () and (ii) B (i) and () Ⓒ) () and (iv) D() () () and (iv). 9. The symptoms of overtrading may be all of the following except: A Increasing inventory higher than increase in sales B. Increasing Earnings per Share (EPS) C. Declining cash and liquid assets D. Rapid increase of trade payables 10.Value for Money can be achieved through the combination of External environment Efficiency Effectiveness (iv Economy Answer A (i) and (ii) B. (i) and (ii) C. (). (i) and (iv) (ii), (iii) and (iv) 11.A repurchase agreement occurs when a company sells an asset but retains the right to continue to use the asset. Indications of such an agreement may include: L When a sale is to a financing company or to a bank il. When a sale is below fair value iii. When the possession of the asset is transferred to the buyer When an entity continues to hold the majority of risks iv. Answer A (i) and (i) B. (i) and (iii) C. (i), (ii) and (iv) D. (i), (ii) and (iv). 12. Indicators of a transfer of control of an Asset may include the following: 1. The customer has legal title to the asset. ii. The customer is promised that the title will be transferred within 12 months The entity transfers the physical possession of the asset. in. iv. The customer has accepted the asset. Answer A. (i) and (ii) B. (i) and (iii) C. (). (i) and (iv) D. (1). (ii) and (iv).
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