To attain a target profit, the total gross margin generated from sales must be sufficient to cover total fixed costs plus the target profit.
Answer the following statement true (T) or false (F)
False
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Answer the following statements true (T) or false (F)
1) Notes receivable represent a written promise that a party will pay a fixed amount of principal plus interest on a stated maturity date. 2) The payment terms for a note receivable are generally longer than that of an account receivable. 3) Dividends receivable, interest receivable, and taxes receivable are generally categorized as other receivables. 4) Notes receivable due within 12 months or within the normal operating cycle if the cycle is longer than a year are considered long-term assets.
Fidelity bonds include all of the following except:
a. Contingent Blanket Bond. b. Name Schedule Fidelity Bond. c. Blanket Position Bond. d. Primary Commercial Blanket Bond.
A de jure corporation is not legal and cannot be recognized as a corporation because the incorporation process was defective
a. True b. False Indicate whether the statement is true or false
Which of the following is NOT considered to be a factor that affects the external environment?
A) Interest rates B) Expansion and recession of the economy C) Dividend policy D) Credit conditions