Data elements can include a customer's name, address, email, discount rate, preferred shipping method, product name, quantity ordered, and so on.
Answer the following statement true (T) or false (F)
True
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Horizontal analysis of comparative financial statements includes
a. development of common-sized statements b. calculation of liquidity ratios c. calculation of dollar amount changes and percentage changes from the previous to the current year d. evaluation of each component in a financial statement to a total within the statement
Exchange rate forecasting is an advanced science; with the correct data, we can predict with accuracy exchange rate movements.
Answer the following statement true (T) or false (F)
Briyanne, Inc purchased a computer for $5,000
During 2016 and 2017, the company recorded total depreciation of $4,000 on the computer. On January 1, 2018, the company exchanges the computer for a new one, paying $4,000 cash. The market value of the new computer is $6,000. Prepare the journal entry to record this transaction. Assume the exchange has commercial substance. What will be an ideal response
If the yield curve is upward sloping, then short-term debt will be cheaper than long-term debt. Thus, if a firm's CFO expects the yield curve to continue to have an upward slope, this would tend to cause the current ratio to be relatively low, other things held constant.
Answer the following statement true (T) or false (F)