Accounts receivable turnover is calculated by dividing (gross) sales by the average (gross) amount of accounts receivable
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following statements about current liabilities is true?
a. Current liabilities are listed in order of decreasing amounts in the current liability section of the balance sheet. b. The amount of current liabilities has little implication for a company's liquidity. c. The current liability section never contains any portion of long-term liabilities. d. The current ratio is defined as current assets divided by current liabilities.
Glossimer Thread Company is evaluating an investment that will cost $760,000 and will yield cash inflows of $255,000 in the first year, $325,000 in the second year, and $380,000 in the third and the final year. Use the table below and determine the internal rate of return.
A) between 10% and 11%
B) less than 11%
C) less than 10%, more than 11%
D) more than 11%
Courtlyn’s company uses a local river for dumping. The company is aware that the chemical it dumps causes plant life in the river to die. However, the chemical is so new that no regulations have been written about it. It appears Courtlyn’s company is at the ______ level of corporate social responsibility.
A. legal B. ethical C. benevolent D. social
Parker owns and operates Rancho Mirage Corporation, a destination resort in Arizona that features horseback riding and bunkhouse accommodations. The Constitution provides that no person shall be deprived of "life, liberty, or property without due process of law." Included as "legal persons" under this clause are
A. the bunkhouses and other "manmade creations." B. the corporation and Parker. C. horses and other "beings in nature." D. none of the choices.