All of the following statements regarding the ratio of liabilities to owner's equity are true except:
A) A ratio of 1 indicates that liabilities equal owner's equity.
B) Corporations can use this ratio but substitute total stockholders' equity for total owner's equity.
C) The higher this ratio is, the better able a business is to withstand poor business conditions and pay creditors.
D) The lower this ratio is, the better able a business is to withstand poor business conditions and pay creditors.
C
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The sales account is credited for the selling price of merchandise sold during the period
Indicate whether the statement is true or false
When determining the format for a message, a direct approach would work best under which conditions?
A) The audience will likely comply. B) The audience might be upset with the news. C) The audience has little time to read an explanation before reading the news. D) The audience will probably not agree with the news. E) The audience has little understanding of the reason for writing.
Which of the following is FALSE with respect to the seven-step biomimicry process? The seven-step process:
a. mimics nature, which every industry can potentially learn from. b. focuses on feedback loops that identifies new challenges after one set of issues has been addressed. c. after identifying the problem and looking at it from a variety of angles, finds "experts" in nature (organisms) that solve a particular problem. d. identifies outliers which provide novel insights to the problem at hand. e. tends to be most useful for those industries that are more "biological" in orientation, rather than industries that rely on chemicals or industrial goods.
A buyer who accepts nonconforming goods may revoke the acceptance under limited circumstances.
Answer the following statement true (T) or false (F)