The answer is false, it is better to know something through and through then by guessing.
You could start a shop that sales clothes you would need to know how to run a business and the best way to set the store up to make sure it is smoothly being ran and to make sure you are making sales and you could also make a distribution center that will distribute your product to stores across the world you would need to know how to market your supply and make sure you can get your foot in the door into bigger business and will also need to know how to keep items in stock
Put no or strongly disagree
Answer:
Option (d) is correct.
Explanation:
Given that,
Cash = $300,000
Short-term investments = 400,000
Accounts receivable = 900,000
Total operating expenses = 640,000
Depreciation expense = 140,000
The numerator part in the formula of days' cash on hand is cash and cash equivalents available.
Cash and cash equivalents available:
= Cash + Short term investments
= $300,000 + $400,000
= $700,000
