In denial messages you must establish the proper tone and use you statements such as You would have known that cash refunds are not available if you had read the receipt
Indicate whether the statement is true or false
False
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Which of the following describes the asset turnover ratio?
a. Average total assets divided by sales b. Net sales divided by net income c. Net sales divided by average total assets d. Average total assets divided by net income
A list of all active accounts and their balances at a particular date, which is used to prove the equality of debits and credits, is called a:
A) chart of accounts. B) general ledger. C) general journal. D) trial balance.
Genna is a director of Fab Stuff Corporation. Without informing Fab, Genna starts up Evertrendy, Inc, to compete with Fab. Genna is liable for breach of
a. no duty or rule b. the business judgment rule. c. the duty of loyalty. d. the right of participation.
Harrys, Inc instructs its bank, Northern Bank, to pay $0.5 million to Rowling, Inc Rowling is a customer of Southern Bank but not of Northern Bank. Northern Bank does not have a correspondent relationship with Southern Bank but both Northern Bank and Southern Bank have correspondent relationships with Eastern Bank. As such, Northern Bank issues its payment order to Eastern Bank, which in turn,
issues payment order to Southern Bank. Southern Bank executes the payment order. Which of the following statements is true with regard to this scenario? a. Northern Bank is the originator's bank as well as the beneficiary's bank. b. Southern Bank is the originator's bank. c. Northern Bank is the beneficiary's bank. d. Eastern Bank is the intermediary bank