Many Lakes in the United States Are Suffering from Periodic

question 11

Multiple Choice

Many lakes in the United States are suffering from periodic algae blooms, which can be thought of as an infection of the lake. Although the algae are naturally-occurring in the lake, when adjacent farm ?elds are over-fertilized with diammonium phosphate, the run-off deposits these nutrients in the lake, allowing the algae to grow without limit. Which of the following statements is incorrect regarding the overgrowth of algae?

• A) The algae are heterotrophs.
• B) Lakes have su?cient micronutrients for algae to grow.
• C) The phosphorus in the fertilizer is in the phosphate form, the preferred phosphorus source of most microbes.
• D) The carbon source for these algae is not limiting in lakes.
• E) The nitrogen in the fertilizer is in the ammonium form, the preferred nitrogen source of most microbes.

Analyze the impact of changing credit terms on the cash cycle of customers.

Grasp the rationale behind choosing specific inventory management techniques based on company strategy and operational efficiency.

Understand the relationship between credit policy, sales, and company profitability.

Learn about the initial steps and documents involved in the credit sale and collection process.

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Definitions:

Common Shares

Equity securities that represent ownership in a corporation, providing voting rights and entitling holders to a share of the company's profits via dividends.

Dividend

A share of profits distributed by a company to its shareholders, typically in the form of cash or additional stock.

Net Assets

The difference between an entity's total assets and total liabilities, representing the owners' equity in a company.

Year-end Adjustment

Adjustments made to financial statements at the close of a fiscal year to account for all financial activities and ensure accuracy in reporting.