A common measure of liquidity is
A) ratio of net sales to assets.
B) dividends per share of common stock.
C) receivable turnover.
D) profit margin.
C
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In view of past experience, it is expected there will be a loss due to uncollectible accounts of an amount equal to one-half of one percent of the sales on account during the year. If the sales on account amounted to $250,000, the estimated uncollectible account losses would be
a. $25. b. $1,250. c. $2,500. d. $25,000.
The financial loss that each stockholder in a corporation can incur is usually limited to the amount invested by the stockholder
a. True b. False Indicate whether the statement is true or false
Sarah receives a $15,000 scholarship from City University. The university specifies that $8,000 is for tuition, books, supplies, and equipment for classes. The other $7,000 is for room and board. Sarah works ten hours per week as a grader, for which she is paid $7,500 for the year. Of the total amount received, Sarah must include the following amount in gross income
A. $7,000. B. $14,500. C. $7,500. D. $22,500.
Advertisements for which of the following product categories would be most effective when used with a flighting pattern?
A) breakfast cereal B) detergents C) beer D) electric bulbs E) refrigerator