MCQ FINANCIAL ACCOUNTING The time value of money concept ismost relevant to:a) Petty cash managementb) Long-term financial decisionsc) Daily sales recordsd) Inventory counting

Explanation of Time Value of Money: Time value of money is a fundamental financial concept that…

Answered: The time value of money concept is most…

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter9: Accounting For Purchases And Cash Payments

Section9.4: Accounting For Cash Payments

Problem 5AYU

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What are the components of cash? What items may be confused with cash, but normally are categorized under other balance sheet captions?
Which of the following balance sheet items are commonly associated with the purchases and cash disbursements cycle? A Inventory and accounts payable B Purchases and accounts receivable C Cash paid to vendors D Cash received from the sale of inventory
The time between the acquisition of inventory and the collection of cash from receivables is called the: cash cycle. O operating cycle. accounts receivable period. O inventory period.
The time between the acquisition of inventory and the collection of cash from receivables is called the: Group of answer choices accounts receivable period. cash cycle. operating cycle. inventory period.
which of the following account will be least likely involved in the purhasing sub-process of the purchasing and disbursement cycle? a. inventory b. prepaid expenses c. accounts payable d. cash in bank
The measure of a company’s ability to collect cash from its customers who purchase onaccount is thea. accounts payable turnover.b. cash conversion cycle.c. accounts receivable turnover.d. days’ payable outstanding.
The time between the acquisition of inventory and the collection of cash from receivables is which of the following? A- operating cycle B- accounts receivable period C- inventory period D- accounts payable period
. Which one of the following defines the cash cycle? A. Inventory period plus the accounts receivable period B. Inventory period plus the accounts payable period C. Operating cycle minus the inventory period D. Operating cycle minus the accounts payable period E. Operating cycle minus the accounts receivable period
Explain two methods that an organization could use to monitor its balances of : Cash Accounts receivable Inventory Explain two ways that an organization could reduce its balance of: Cash Accounts receivable Inventory
Which of the following is used in computing cash received from customers using the direct method? a.An increase in inventory b.A decrease in accounts receivable c.A decrease in inventory d.An increase in accounts payable
"recorded cash sales" what accounts are used
Transactions involved in the purchases and cash disbursements cycle include: A Debit inventory, credit cash B Debit inventory, credit accounts payable C Debit accounts payable, credit cash D All of these

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The time value of money concept is most relevant to: a) Petty cash management b) Long-term financial decisions c) Daily sales records d) Inventory counting