The Following Data Represent Selected Information from the Comparative Income

question 95

Multiple Choice

The following data represent selected information from the comparative income statement and balance sheet for Duenke Company for the years ended December 31, 2009 and 2008: * 10,000 shares of common stock have been issued and outstanding since the company was established. They had a market value of $90 per share on December 31, 2008, and they were selling for $91.50 on December 31, 2009.
Using 360 days in the year, Duenke Company's days' sales in receivables for the year ended December 31, 2009, was:

• A)33.
• B)30.
• C)25.
• D)27.

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Definitions:

Monitoring

The systematic process of observing or checking work performance or processes over time for the purpose of ensuring compliance with standards.

Corporate Goals

The strategic objectives set by a company to guide its direction and measure its success, often focusing on growth, profitability, and market share.

Senior-Level Managers

Executives and high-level managers responsible for making strategic decisions and overseeing the entire organization or major parts of it.

Alignment

Alignment in a business context involves ensuring that various aspects of an organization's operations, such as its strategy, goals, and activities, are coherent and support each other in achieving the organization's objectives.