Which of the following statements is FALSE about brainwriting?
a. Individuals generate their ideas in writing.
b. It is an effective alternative to traditional brainstorming.
c. It combines the benefits of individual and group creativity.
d. It cannot be conducted virtually.
d. It cannot be conducted virtually.
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Both the SEC and the PCAOB require management to use the COBIT framework for assessing internal control adequacy
Indicate whether the statement is true or false
One of the main reasons why foreign firms are interested in buying U.S. companies is to gain entrance to the U.S. market. A decline in the value of the dollar relative to most foreign currencies makes this competitive strategy especially attractive.
Answer the following statement true (T) or false (F)
A company reported net income of $225,000, net sales of $2,500,000, and average total assets of $2,100,000 for the current year. Calculate this company's profit margin, total asset turnover, and return on total assets.
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The comparative balance sheet for Silverlight Co. is shown below. Express the balance sheet in common-size percentages. Silverlight CompanyComparative Balance Sheets (in $000)December 31, Year 1?Year 3?Year 3Year 2Year 1Cash$ 49.6$ 34.2$ 35.7Accounts receivable74.485.576.5Merchandise inventory148.8125.491.8Plant assets (net)347.2324.9306.0Total assets$620.0$570.0$510.0????Accounts payable$117.8$ 51.3$ 76.5Bonds payable130.2159.6107.1Common stock266.6279.3265.2Retained earnings 105.4 79.8 61.2Total liabilities and equity$620.0$570.0$510.0
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