All financial statements must have, in order, the:
A) title of financial statement and specific date.
B) title of financial statement, name of company, and specific date.
C) name of company, title of financial statement, and specific date.
D) name of company, title of financial statement, and a specific date or period.
D) name of company, title of financial statement, and a specific date or period.
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If a firm has pledged its receivables and its inventory, then the best indicator of its short-term liquidity may be indicated by:
a. working capital. b. current ratio. c. acid-test. d. cash ratio. e. days' sales in receivables.
To a producer of goods, a greater number of channel levels means ________ and greater channel complexity
A) less distance between producer and end consumer B) less control over the distribution process C) fewer potential channel conflicts D) higher taxes E) fewer channel partners
Wings Co issued a $15,000, 60-day, discounted note to Rocky Mountain Bank. The discount rate is 7%. The cash proceeds to Wings Co is ________
a. $15,000 b. $13,950 c. $15,175 d. $14,825
The ________ method of capital budgeting is a ratio of the present value of cash inflows divided by the initial investment
A) payback period B) net present value C) internal rate of return D) profitability index