Given the Following Information,calculate the Company's Current Assets

question 61

Multiple Choice

Given the following information,calculate the company's Current Assets.

• A) $330,000
• B) $230,000
• C) $150,000
• D) $50,000

Understand the impact of credit policies on cash flow and customer relationships.

Grasp the concept of factoring as a cash management technique.

Comprehend the implications of changes in credit terms on the accounts payable period and cash cycle.

Recognize the various uses of cash in a company.

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Definitions:

Controllable Costs

Expenses that can be influenced or managed by a specific manager or department within a company.

Noncontrollable Costs

Costs that cannot be directly controlled or influenced by management decisions in the short term.

Top Management

Refers to the highest level of managers within an organization, responsible for strategic decision-making and overall operational direction.

Responsibility Report

A management tool that reports financial data by responsibility centers within an organization, helping to evaluate the performance of departments or managers.