Which of the following financial statements would be most useful if an analyst wants to know the likelihood of repayment of business debts?
A) income statement
B) balance sheet
C) statement of retained earnings
D) statement of cash flows
B
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When Microsoft introduced the Xbox videogame console in 2001, the company priced it at $299, exactly the same price as Sony's PlayStation 2, the market leader. Identify this pricing strategy
A) penetration pricing B) skimming C) competitive pricing D) investment pricing
________ involves assigning portions of the marketing budget to each marketing-mix element so as to maximize revenues or profits
A) Marketing-mix modeling B) Marketing-mix theory C) Marketing-mix optimization D) Return on investment E) Return on marketing initiatives
The difference between the UCC requirement of good faith and doctrine of unconscionability is that:
a. good faith prohibits shockingly one-sided terms in a contract. b. good faith focuses on the parties' behavior as they perform the contract. c. unconscionability looks at the parties' attempt to carry out the terms of the contract in a reasonable manner. d. unconscionability focuses on whether a party is honest in fact and exercises reasonable commercial standards of fair dealing.
Answer the following statement(s) true (T) or false (F)
1. Partners owe a duty of loyalty and a duty of care to the partnership and the other partners. 2. The aggregate theory applies in many sections of the Uniform Partnership Act (1914) relating to the substantive liabilities and duties of the partners. 3. Under the Uniform Partnership Act (1997), partnership property is held in a tenancy of partnership. 4. A partnership agreement may provide for an unequal distribution of the assets of the partnership to the partners upon dissolution of the partnership. 5. Partners must contribute an equal amount to the partnership.