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Multiple Choice

_________consists of those items that people manufacture by combining natural and human resources

A. Financial capital
B. Fixed assets
C. Economic capital
D. Current assets

If a firm has $400,000 in credit sales and $100,000 in accounts receivable, accounts receivable turnover is:

A. 25%.
B. 4%.
C. 5%.
D. 14%.

Which of the following would be considered to be an operating expense for a computer manufacturing firm?

A. accountant's wages.
B. assembly line wages.
C. disk drives.
D. memory chips.
E. speakers.

Solution Summary

The solution explains three questions relating to Economic Capital, Accounts receivable turnover and operating expense