A key must be unique
Indicate whether the statement is true or false
FALSE
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The product life-cycle concept from microeconomics and marketing provides useful insights into the relations among cash flows from operating, investing, and financing activities. The _____ phase reflects sales of successful products, and net income turns positive. The firm makes more sales, but it also needs to acquire more goods to sell. Because it usually must pay for the goods it acquires
before it collects for the goods it sells, the firm finds itself often short of cash from operations. The faster it grows (even though profitable), the more cash it needs. Banks do not like to lend for such needs. They view such needs (even though for current assets) as a permanent part of the firm's financing needs. Thus, banks want firms to use shareholders' equity or long-term debt to finance growth in nonseasonal inventories and receivables. a. introduction b. growth c. mature d. late maturity e. decline
Assets, liabilities, and owner's capital are real accounts and do not get closed at the end of the period
Indicate whether the statement is true or false
Before a stock dividend can be declared or paid, there must be sufficient cash
Indicate whether the statement is true or false
If you need individual coverage, a good way of holding down your insurance costs would be to
A) purchase only accident insurance. B) purchase accident insurance supplemented by policies for specific catastrophic diseases such as cancer. C) purchase a comprehensive health care policy. D) purchase major medical insurance with high deductibles.