Which of the following is a commonly used ratio to discover inventory-related fraud?
a. Number of days' in receivable ratio
b. Sales return percentage ratio
c. Gross profit ratio
d. Earnings per share
c
FEEDBACK: a. Incorrect.
b. Incorrect.
c. Correct.
d. Incorrect.
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_____ forces lead to new developments in methods for transforming resources into goods or services. For example, a new technique called hydraulic fracturing (or fracking) has been developed to harvest natural gas trapped below the earth's surface.
A. Sociocultural B. Technological C. Demographic D. Political-legal E. Media
Which of the following is an interest in real property given to a lender as security for the repayment of a loan?
A) lease B) mortgage C) life estate D) easement
Feasibility Report for New Office Hasley's, a retail chain based in the Midwest, has offices in several locations throughout the U.S. Due to expanding markets, the company is researching the need to open a new location in the Southwest. You are a member
of a team asked to write a report on the feasibility of an office at this new location. The team must define the scope of the report and develop a statement of purpose. Required: Identify five questions that need answering to help the team limit the scope of this report. Provide an answer to each question and write a Statement of Purpose for the report.
Which of the following statements is true?
A) Restoration is what a minor is entitled to receive upon disaffirming a contract. B) Restitution is placing the other party back in the position it was in prior to the contract. C) Revocation refers to a party returning the consideration received in a contract. D) Rejection can occur only as part of a counteroffer.