In a short sale the lender agrees to receive less than the full value of the mortgage
Indicate whether the statement is true or false.
FALSE
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Which of the Fiduciary Funds listed below is used to account for the assets held by a government acting as an agent for one or more other governmental units?
A. Private-purpose Trust Fund. B. Agency Fund. C. Pension Fund. D. Permanent Fund.
Among the mistakes most commonly made by new exporters, taking insufficient care in selecting overseas sales ______ and distributors is a common one.
Fill in the blank(s) with the appropriate word(s).
When decision makers seek out information that reaffirms their past choices and discount information that contradicts past judgments, they are exhibiting the ________.
A. framing bias B. availability bias C. representation bias D. confirmation bias
Ribaudo Corporation has provided the following financial data from its balance sheet and income statement: Year 2Year 1Cash$74,000 $130,000 Accounts receivable, net$255,000 $240,000 Inventory$173,000 $180,000 Total current assets$564,000 $610,000 Total assets$1,350,000 $1,330,000 Accounts payable$170,000 $160,000 Total liabilities$633,000 $620,000 Total stockholders' equity$717,000 $710,000 Sales (all on account)$1,290,000 Cost of goods sold$700,000 The company's accounts receivable turnover for Year 2 is closest to:
A. 0.94 B. 1.06 C. 5.21 D. 5.06