Materials are transferred from the storeroom to the factory in response to materials requisitions
Indicate whether the statement is true or false
True
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The accounts receivable turnover ratio equals
a. profit margin divided by average accounts receivable at the end of the period. b. gross margin divided by average accounts receivable at the end of the period. c. sales revenue divided by ending accounts receivable at the end of the period. d. sales revenue divided by average accounts receivable during the period. e. gross margin divided by average accounts receivable during the period.
A corporation's distribution of additional shares of its own stock to its stockholders without the receipt of any payment in return is called a:
A. Premium on stock. B. Treasury stock. C. Discount on stock. D. Stock dividend. E. Stock subscription.
An increase in the value of the dollar relative to the yen has a positive effect on the returns of U.S. investors who invest in stocks of Japanese firms
Indicate whether the statement is true or false.
The text mentioned several reasons for purchasing "business" life insurance. Which of the following reasons was not mentioned?
A) Business continuation B) Fringe benefits C) Key person insurance D) Protection from creditors' claims