The firm's initial ratio of current assets to total assets is ________. (See Table 14.2)
A) 3:1
B) 1:3
C) 2:1
D) 2:3
B
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Which statement is not true?
A) If a lease is a capital lease because of a bargain purchase option, the leased asset should be depreciated over the life of the asset, not the life of the lease. B) The lessee ignores unguaranteed residual value in the measurement of the lease obligation. C) If there is a bargain purchase option, the lessor does not consider an unguaranteed residual value in measuring the lease receivable at the date of lease signing. D) In direct financing leases, the net investment in the lease should be adjusted each year by material changes (increases or decreases) in estimated unguaranteed residual values.
Which of the following is not a routine business message?
A) An e-mail message to a coworker that confirms the time for an upcoming meeting B) A letter to a customer denying his or her request for credit C) An e-mail reply to a customer acknowledging that his or her order has been shipped D) An all-staff memo that outlines the new procedures for processing returned merchandise
The characteristics of a totten trust include:
a. it is a joint bank account opened by the settlor of the trust. b. it is tentative. c. transfer of ownership is complete only on the depositor's death. d. All of these.
A U.S. firm expands into China and Canada at exactly the same sales volume. The physical distance is the only factor that affects the true distance between the countries.
Answer the following statement true (T) or false (F)