Which is an advantage of leasing from a lessee's viewpoint?
A) The asset can be acquired without having to make a substantial down payment.
B) The lease is a way of indirectly making a sale.
C) "Off-balance-sheet financing" may be avoided.
D) The risk of obsolescence may be increased.
A
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Answer the following statements true (T) or false (F)
1. When he or she does not speak the local language, a manager should rely on gestures and symbols since their consistency of meaning provides a form of universal communication throughout the world. 2. The Internet is a global network of independently operating but interconnected computers, linking hundreds of thousands of smaller networks around the world. 3. The buying and selling of goods or services over computer networks is 4. One reason e-business is so important is that the Internet dramatically lowers the cost of communication.
The choice of inventory cost flow assumptions affects which of the following amounts?
A. Cost of goods sold. B. Gross profit. C. Inventory. D. All of the other answers are affected by the inventory cost flow assumption.
A license to operate an individually owned business as if it were part of a chain of outlets or stores is called a:
a. franchise b. joint venture c. syndicate d. SBDC e. MESBIC
In order to derive a cash flow statement, the owner must add back the _____ to the income statement.
A. depreciation expense B. increase in accounts receivable C. increases in inventory D. decrease in accounts payable