Which of the following is a feature of public warehouses as storing facilities?
A. less flexibility
B. low unit charges
C. very high fixed investments
D. high managerial control
E. high adequacy for the product line
Answer: B
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Longwood Company had a current ratio of 3:1 at the end of Year 1. The asset section of the company's balance sheet is provided below:
Required:1) Compute Longwood Company's end-of-year working capital.2) Compute the company's quick (acid-test) ratio.3) The company has a debt agreement with its bank that authorizes the bank to call in its loan to the company if the company's current ratio falls below 3:1 as of the last day of any month during the term of the loan. During January Year 2, the company engaged in the three following transactions:(a) Collected $100,000 on account;(b) Purchased inventory on account, $50,000(c) Paid accounts payable, $60,000Will
the company be in default after completing these transactions? Justify your answer.Round your answers to two decimal places. What will be an ideal response?
The Uniform Commercial Code has been adopted, at least in part, in
a. all states. b. forty-five states. c. thirty-five states. d. no state.
A firm's marketing activities are affected by external and generally uncontrollable forces.
Answer the following statement true (T) or false (F)
One architectural approach to better maintainability is to construct the software system from components with distinct responsibilities and relative independence of components
Indicate whether the statement is true or false