The days' sales in inventory ratio is calculated by dividing cost of goods sold by the average merchandise inventory
Indicate whether the statement is true or false
FALSE
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Which audit technique should be used to determine the accuracy of a retail buyer's sales forecasts?
a. nondisguised b. systematic c. disguised d. horizontal
"Blocking Legislation" in international antitrust action refers to: A) laws that block certain goods from entering a country
B) provisions that prevent the discovery of documents by foreign countries and bar enforcement. C) setting aside certain blocks of businesses exempt from antitrust laws. D) none of the above.
Consider the following cash flow items:Pay amount owed to bank for previous borrowing.Pay utility costs.Purchase equipment to be used in operations.Purchase office supplies.Pay one year of rent in advance.Pay workers' salaries.Pay for research and development costs.Pay taxes to the IRS.Sell common stock to investors.How many of these cash flow items involve investing activities?
A. Zero. B. One. C. Two. D. Three.
In the payback method, depreciation is added back to net operating income when computing the annual net cash flow.
Answer the following statement true (T) or false (F)