Changes in net operating working capital should not be reflected in a capital budgeting cash flow analysis because capital budgeting relates to fixed assets, not working capital.
Answer the following statement true (T) or false (F)
False
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Country Homes is a store for people who collect country arts and crafts and use them to decorate their homes. Last year, its net sales totaled $120,500. The cost value of the items it sold was $72,300. Taxes for the year were $7,680. The only expenses that the operation had were (1) rent for $3000, (2) salaries to the owner and one part-time assistant for $27,000, (3) utilities at $1,200, and (4) advertising of $500. Calculate the gross margin percentage for Country Homes.
A. 60.2 percent B. 9.6 percent C. 40 percent D. 7.3 percent E. 26.3 percent
Most research evidence shows that self-assessments tend to ______ the individual’s ability to do a job.
A. underrepresent B. accurately represent C. underestimate D. overestimate
The term "accrual" describes an earnings event that is recognized before cash is received or paid.
Answer the following statement true (T) or false (F)
Though the idea is catching on, only a few marketing firms currently use word-of-mouth marketing techniques
Indicate whether the statement is true or false