In the context of financial tools, the values of fixed assets of new firms tend to be quite vague and ballpark estimates of their values are acceptable when calculating balance sheets.
Answer the following statement true (T) or false (F)
False
The estimate of a new firm's fixed assets and liabilities can be exact and should be estimated with some care. This is because the cost of items can be reasonably estimated and issues such as debt should be well known.
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The cash received on bonds issued at face value and between interest dates is less than the bonds' face value
Indicate whether the statement is true or false
Why does a firm's number of prospects always equal or exceed its number of qualified customers?
What will be an ideal response?
The ability of a business to pay its debts as they come due and to earn a reasonable amount of income is referred to as
A) solvency and leverage B) solvency and profitability C) solvency and liquidity D) solvency and equity
Mayer's philosophy of never using debt to finance operations or expansion was born during the Great Depression and passed on to his sons when they joined the family business. Today, the multi-million-dollar organization proudly follows Mayer's practice under the leadership of Mayer's great-grandsons and -daughters. This family's commitment is based on
A. family control and influence. B. identification of family members with the firm. C. binding social ties. D. emotional attachment of family members.