Tag: Inventory Control MCQS

Inventory Valuation Multiple Choice Questions or Stock (MCQ) Answer with PDF   1. An increase in the firm’s receivable turnover ratio means that: A) it is collecting credit sales more quickly than before. B) cash sales have decreased. C) it has...

Multiple Choice Questions and Answer on Inventory Control Management PDF   1. Sixty percent of Basket Wonders’ annual sales of $900,000 is on credit. If its year-endreceivables turnover is 4.5, the average collection period and the year-end receivables are,respectively __________. (Assume...