Investments with a maturity of less than ninety days are generally classified as cash equivalents
Indicate whether the statement is true or false
True
You might also like to view...
You take on the role of decoder when you initiate a message with your customer.
Answer the following statement true (T) or false (F)
TAC Inc, produces two products – Tics and Toes, from one process. The joint processing costs of materials, labor, and overhead total $220,000, producing 20,000 units of Tics and 30,000 units of Toes. The company sells Tics for $20 per unit and Toes for $15 per unit. The amount of joint costs assigned to Tics using the relative sales value method is:
a. $146,666 b. $103,532 c. $116,471 d. $73,333
Cung leads the design team at Rapidware, a software firm that deigns custom software to meet its clients' needs. He needs to hire an employee to recognize when new approaches are needed and to learn what clients need and quickly come up with an innovative way to serve them. Which of the following candidates would best meet Cung's requirements?
A. Jennifer, a methodical worker who defines herself by her career success B. Gage, a very successful worker who is self-proclaimed "old school" C. Lanny, a fast worker who forces others to do things his way D. Gale, a lovable character who encourages and helps everyone E. Rico, a curious person who loves art and buys the latest gadgets
To monitor financial performance, a(n) ________ ratio is used to assess cost of goods sold relative to inventory levels.
A. profit B. operating C. liquidity D. leverage E. activity