A Firm Has Just Ended Its Calendar Year Making a Sale

question 96

Multiple Choice

A firm has just ended its calendar year making a sale in the amount of $200,000 of merchandise purchased during the year at a total cost of $150,500. Although the firm paid in full for the merchandise during the year, it is yet to collect at year end from the customer. The possible problem this firm may face is ________.

• A) high taxes
• B) lack of cash flow
• C) inability to receive credit
• D) high leverage

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Definitions:

Minority Communities

Groups of people who share common ethnic, racial, cultural, or linguistic characteristics and are smaller in numbers compared to the majority population in a society.

Quantitative Methods

Research techniques that focus on quantifying data and typically involve statistical analysis to interpret results.

Ethnography

A qualitative research method focused on the systematic study of people and cultures from the perspective of the subject or observational participant.

Statistical Tests

Procedures in statistics used to determine whether hypotheses about data sets are supported or refuted.