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Section I - Multiple Choice (1 Viewer)

Confound

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i think so. dw i chose just-in-time, its so obvious
How could you possibly choose just-in-time? I automatically cancelled that out and the other one except FIFO and LIFO lol. Were you speeding through it? I finished MC in 10 mins
 

gilza95

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1.d
2.b
3.c
4.a
5.a
6.b
7.d
8.d
9.c
10.d
11.b
12.c
13.c
14.d
15.a
16.a
17.b
18.a
19.d
20.d
Wouldn't 10 be B.. A lower accounts receivable ratio means you get your accounts receivable quicker?
 

WildKoala

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What did people get for 5?

A company's policy is to purchase from lowest-cost suppliers regardless of their location
a.global sourcing
b.global brandin
c.economies of scale
d.R&D
 

jasonz1c

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What did people get for 5?

A company's policy is to purchase from lowest-cost suppliers regardless of their location
a.global sourcing
b.global brandin
c.economies of scale
d.R&D
Global sourcing
 

obliviousninja

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How could you possibly choose just-in-time? I automatically cancelled that out and the other one except FIFO and LIFO lol. Were you speeding through it? I finished MC in 10 mins
lol. i was joking. sigh...so much seriousness...everyone must be jealous my 99
 

Confound

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What did people get for 5?

A company's policy is to purchase from lowest-cost suppliers regardless of their location
a.global sourcing
b.global brandin
c.economies of scale
d.R&D
Global sourcing homie

It can't be economies of scale because economies of scale is achieving lower costs through expansion. So it's definitely A
 

Confound

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Wouldn't 10 be B.. A lower accounts receivable ratio means you get your accounts receivable quicker?
A high accounts receivable turnover ratio means that you have a strong credit collection policy and do well collecting cash quickly from accounts.

^ Straight from Google. I'm afraid you have just lost a mark
 

RivalryofTroll

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Isn't 10 B?

As a lower accounts receivable turnover is better - less number of days to receive cash
Wouldn't 10 be B.. A lower accounts receivable ratio means you get your accounts receivable quicker?
Yeah, here's my argument for D:

SYLLABUS DEFINES A.R.T ratio as SALES/ACCOUNTS RECEIVABLE right?

NOT 365/A.R.T. ratio.

If ratio is higher, lets say ratio is 6.

365/6 = 61 days.

Lets say ratio is lower, lets say ratio is now 3.

365/3 = 122 days.

Higher ratio = less days --> more efficient debt collection.

FROM BUSINESS IN ACTION:

ARTR - INTERPRETATION OF RATIO RESULTS:
High turnover ratios indicate the business has efficient debt collection. Pg 317.

About 3 people from my school was like ''isn't lower better?'' and Í'm like ''guys... you don't do 365 divide by the ratio....''
 

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