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Unformatted text preview: Add, modify, and remove questions. Select a question type from the Add Question drop-down list and click Go to add questions. Use Creation Settings to establish which default options, such as feedback and images, are available for question creation. COURSES &gt; FUNDAMENTALS OF CORPORATE FINANCE:, 9/E- ROSS &gt; CONTROL PANEL &gt; POOL MANAGER &gt; POOL CANVAS Pool Canvas Add Multiple Choice Creation Settings Name Chapter 20 Credit and Inventory Management Description Questions which Blackboard's assessment component is incapable of supporting are not included in the export. Instructions Add Question Here Question 1 Multiple Choice Question Blackwell Brothers sells men's suits. The store offers a 1 percent discount if payment is received within 10 days. Otherwise, payment is due within 30 days. This credit offering is referred to as the: Answer terms of sale. credit analysis. collection policy. payables policy. collection float. Correct Feedback Refer to section 20.1 Incorrect Feedback Refer to section 20.1 Add Question Here Question 2 Multiple Choice Question Jillian was recently hired by a major retail store. Her job is to determine the probability that individual customers will fail to pay for their charge sales. Jillian's job best relates to which one of the following? Answer terms of sale credit analysis collection policy payables policy customer service Correct Feedback Refer to section 20.1 Incorrect Feedback Refer to section 20.1 Add Question Here Question 3 Multiple Choice Question Town Hardware sells goods on credit with payment due 30 days after purchase. If payment is not received by the 30 th day, the store mails a friendly reminder to the customer. If payment is not received by the 45 th day, the store calls the customer and requests payment and also stops offering credit to that customer. These procedures are referred to as the store's: Answer customer service policy. credit policy. collection policy. payables policy. disbursements policy. Correct Feedback Refer to section 20.1 Incorrect Feedback Refer to section 20.1 Add Question Here Question 4 Multiple Choice Question Phil's Print Shop grants its customers the right to pay for their print jobs within 30 days of the date of service. This 30-day period is referred to as the: Answer payables period. cash cycle. transactions period. credit period. disbursement period. Correct Feedback Refer to section 20.2 Incorrect Feedback Refer to section 20.2 Add Question Here Question 5 Multiple Choice Question Scott purchased a shovel, a rake, and a wheelbarrow from The Local Hardware Store yesterday. Today, the store issued a bill for these items and mailed it to Scott. What is the name given to this bill? Answer ledger statement warranty indenture receipt invoice Correct Feedback Refer to section 20.2 Incorrect Feedback Refer to section 20.2 Add Question Here Question 6 Multiple Choice Question Geoff Industries offers its credit customers a 2 percent discount if they pay within 10 days. This discount is referred to as a: days....
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- Spring '10
- Corporate Finance