Which of the following solvency ratios is the best measure of a company's ability to pay interest and maturing principal amounts on its long-term debt?
a. Debt-to-equity ratio
b. Times interest earned ratio
c. Debt service coverage ratio
d. Earnings per share
c
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The correct term for the process of recording the economic effects of business transactions in a book of original entry is
a. Double-entry system b. Debit c. Credit d. Journalizing
The use of teams by organizations is increasing because:
a. Organizations are getting larger. b. Employees want their jobs to be simplified. c. Jobs are becoming more complex and interdependent. d. Organizations are seeking stability. e. Organizations are becoming more hierarchical.
Your department needs a new copier, and your job is to research the options. Based on your research, you have selected an all-in-one machine that you believe will be cost effective and will perform well. What kind of report would you write to present your findings?
A) Feasibility report B) Justification/recommendation report C) Yardstick report D) Progress report
Denise is a promoter for a proposed corporation, EVR-Young Corp As promoter, she signed a three-year lease to rent office space in an office park. She signed her name and indicated below her signature she is signing as "promoter for EVR-Young Corp, a
company yet to be incorporated." EVR-Young is never incorporated. The lessor believes that Denise is personally liable for any damages it will sustain as a result of the three-year lease having to be breached. Is Denise personally liable? Explain.