Nell exceeds her authority when making a contract for Denver. If he ratifies the contract, both Nell and Denver are in the same position as the one they would have been in had Denver actually authorized the act originally except that Nell is not entitled to compensation
a. True
b. False
Indicate whether the statement is true or false
False
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Explain how common-size balance sheets are used by analysts
Assess the ____________ in which you will deliver your presentation
a. space b. economic climate c. company d. situation
Which of the following statements is correct regarding cash budgets??
A. Cash disbursements for credit purchases are not included in cash budgets.? B. ?Only cash inflow from cash sales are included in cash budgets. C. ?The target cash balance set in cash budgets are fixed. D. ?Cash budgets do not include cash flow through investment activities. E. ?Cash budgets include the tax expenses of a firm.
A firm has just ended the calendar year making a sale in the amount of $200,000 of merchandise purchased during the year at a total cost of $150,500
Although the firm paid in full for the merchandise during the year, it has yet to collect at year end from the customer. One possible problem this firm may face is ________. A) low profitability B) insolvency C) inability to receive credit D) high leverage