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$0.25 Finance help

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  • Due on Jun. 06, 2009
  • Asked on Jun 03, 2009 at 2:21:13PM
Q:
Which of the following is not a valid quantitative measure for accounts receivable collection policies?
A. ratio of debt to equity
B. ratio of bad debts to credit sales
C. average collection period
D. aging of accounts receivables

 


   
   
   
   
 
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$0.25 correct answer

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  • Posted on Jun 03, 2009 at 2:23:51PM
A:
Preview: ... a valid quantitative measu ...

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$15.00 Acc260 final

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  • Posted on Jun 03, 2009 at 5:19:16PM
A:
Preview: ... In response Dan told Oliver that “Any neglect of his duties would be viewed as an act of irresponsibility” (Brooks, Para 11, 2007). Oliver claimed that no one read the financial statements that the report would only be seen in house (Brooks, 2007).<br> After this, the discussion became heated! Dan exclaimed that it was his interpretation of the write-down, and that it was material difference to the sub and was important “from the standpoint of both professional integrity and legality” (Brooks, Para 12, 2007). Dan gave an situation where Baker issued a clean opinion which the client subsequently used to show prospective buys of the property, and shortly after the buyer might discover the real value of the property and sue for damages (Brooks, Para 12, 2007). Both agree that the scenario was highly improbable, but Dan continued to questions the ethics of issuing a clean opinion (Brooks, Para12, 2007). Dan knew the importance of the audit he even stated his loyalty to the company; however, had problems giving a false statement. Dan stated that giving “a false audit might not benefit Baker Greenleaf or Dan” (Brooks, Para 12, 2007).<br> Freeman advised Dan that he was making a big deal out of it and was jeopardizing the account! Freeman also reminded Dan that his evaluation and position was in jeopardy with the company. A few days Dan found out that Freeman had pulled Dan’s report from the records and substituting his opinion in the place and placing a clean opinion. Dan was furious not only was his report pulled but he received a bad evaluation from doing the audit. Dan knew that ...

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