Which of the following is an activity ratio?
a. the acid-test ratio
b. the accounts-receivable-turnover ratio
c. the current ratio
d. the return-on-sales ratio
e. the return-on-activity ratio
b. the accounts-receivable-turnover ratio
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Significant noncash transactions are not reported on the statement of cash flows, but either in a separate schedule or in a note to the financial statements
a. True b. False Indicate whether the statement is true or false
According to a global survey by Edelman, how many people recommend a trusted business to a friend or colleague?
A. 92% B. 79% C. 59% D. 30%
The ________ is the member of the buying center who makes the final decision
A) buyer B) gatekeeper C) decider D) user E) influencer
Betty's BBQ orally contracts with Denny's Design House for 10,000 matchbooks at the price of 10 cents per matchbook. The matchbooks are to be embossed with a logo to be designed by Denny's Design promoting Betty's BBQ. Price, payment terms, delivery terms are agreed upon between the parties. Denny's Design creates the logo, gets Betty's BBQ's approval of the design and begins applying the logo on
the matchbook covers. Denny's Design has almost finished the order when Betty's BBQ calls to say it has decided to make the eatery a smoke-free restaurant and cancels the order. Denny's Design sues, but Betty's BBQ states that the agreement is unenforceable under the statute of frauds. Who wins? a. Denny's Design House wins. This situation falls under an exception to the statute of frauds. b. Denny's Design House wins. This is a service contract for design of a logo. Therefore, the UCC, including the statute of frauds provisions of Article 2, does not apply. c. Betty's BBQ wins. This is a contract for $1000 . The statute of frauds requires all sales contracts in excess of $500 be in writing. d. Betty's BBQ wins. The statute of frauds only applies to merchants. Betty's BBQ is not a merchant in this instance because it intended to give the matchbooks away and not sell them.