Examlex

Solved

The Estimated Value of Reducing Float by One Day Is

question 130

True/False

The estimated value of reducing float by one day is one day's interest on the freed-up sales.


Definitions:

Strategic Performance Measurement System

A framework that companies use to monitor and manage their strategies by measuring performance using financial and non-financial metrics.

Balanced Scorecard

A strategic planning and management system used to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor performance against strategic goals.

Lean Management System

A systematic approach for eliminating waste within a manufacturing system without sacrificing productivity.

Material Price Variance

The difference between the actual cost of materials purchased and the expected (or standard) cost, reflecting how effectively a company controls its material costs.

Related Questions