Solved

Collins Company Had the Following Partial Balance Sheet and Complete

question 71

Multiple Choice

Collins Company had the following partial balance sheet and complete income statement information for 2010: The industry average DSO is 30 (360-day basis) .Collins plans to change its credit policy so as to cause its DSO to equal the industry average,and this change is expected to have no effect on either sales or cost of goods sold.If the cash generated from reducing receivables is used to retire debt (which was outstanding all last year and which has a 10% interest rate) ,what will Collins' debt ratio (Total debt/Total assets) be after the change in DSO is reflected in the balance sheet?

Recognize the significance of skills, especially technical and interpersonal skills, in the contemporary labor market.

Understand the concept and components of high-performance work systems.

Recognize the importance of employee empowerment in organizational success.

Identify the characteristics of skilled knowledge workers and their role in the economy.

Definitions:

Low Impedance

A characteristic of a circuit that allows a large amount of current to flow due to its low opposition to the current flow.

Opposition To Current

Resistance or any impedance facing the flow of electric current in a circuit, hindering the movement of charge.

Low-pass

A filter designed to allow signals with a frequency lower than a certain cutoff frequency to pass through while attenuating frequencies higher than the cutoff frequency.

Notch Filter

A filter designed to remove or significantly reduce the strength of a specific frequency or range of frequencies from a signal.