Viera Industries Has Net Sales of $200,000, Accounts Receivable of $18,500

question 11

Multiple Choice

Viera Industries has net sales of $200,000, accounts receivable of $18,500, and gives its customers 25 days to pay. The industry average DSO is 27 days based on a 365-day year. If the company changes its credit and collection policy sufficiently to cause its DSO to fall to the industry average, and if it earns 8.0% on any cash freed-up by this change, how would that affect its net income assuming other things are held constant?

• A) $241.45
• B) $254.16
• C) $267.54
• D) $296.44

Classify microorganisms based on their cellular structure.

Describe the role of microbiology in understanding disease-causing microorganisms.

Understand the components and organization of the statement of cash flows.

Identify and categorize cash flow activities (operating, investing, and financing).

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Definitions:

Probabilities

The quantification of how probable an event is to happen, represented by a numerical value ranging from 0 to 1.

Expected Value

A calculation used in statistics and probability to determine the average outcome when the future includes scenarios that may or may not happen.

Values

Fundamental beliefs or guiding principles that influence the behaviors and decision-making processes of individuals or organizations.

Cost to Play

The initial investment or expense required to participate in an activity, venture, or market.