Pinecrest Company Use the Selected Data from Pinecrest Company's Financial

question 197

Multiple Choice

Pinecrest Company Use the selected data from Pinecrest Company's financial statements to answer the following question.
Refer to the data for Pinecrest Company.
Competitors in Pinecrest Company's industry have an average accounts receivable turnover of 7.8 times.Pinecrest reported accounts receivable at December 31,2012 of $57,200.Pinecrest's accounts receivable turnover for 2014 is:

• A)an indicators that the company needs to tighten its credit policies.
• B)of no value to bankers and other creditors.
• C)less efficient in 2014 than in 2013.
• D)significantly below the standards required by the U.S.government.

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Definitions:

Coordinating

The process of organizing activities and resources efficiently and effectively to achieve desired objectives, often involving teamwork and communication.

Subordinates

Employees or team members who are lower in rank or position and are overseen by a superior or manager in an organizational hierarchy.

Relational Skill

The ability to work effectively with people, including the ability to motivate, coordinate, and advise other people; an important skill required at all levels of leadership—frontline supervisor, mid-level manager, and senior executive.

Effective Delegation

The skill of assigning responsibility and authority to others while maintaining overall accountability for the outcomes.