Members of boundaryless organizations communicate primarily through virtual methods.
Answer the following statement true (T) or false (F)
True
Members of boundaryless organizations communicate primarily with e-mail, phone, and other virtual methods.
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Alan is the attorney representing Derek in bankruptcy hearings. His fees have the highest priority among the other unsecured debtors.
Answer the following statement true (T) or false (F)
The calculations for some profitability ratios are the same as the calculations for common-size analysis of the income statement. Which of the following profitability ratios would also be determined through a common-size analysis of the income statement?
a. gross profit ratio b. debt-to-equity ratio c. acid-test ratio d. earnings per share
Which one of the following sets of inventory cost flow assumptions is not susceptible to profit manipulation by management?
A) FIFO and specific identification B) LIFO and average cost C) FIFO and average cost D) LIFO and specific identification
The Metro Construction Company had the following financial data as of December 31, 2018:
Cash and cash equivalents $120,000
Total current liabilities 80,000
a. What is the cash ratio as of December 31, 2018? Show the formula and your computations.
b. Comment on the cash ratio for Metro Construction Company.