If fixed lease payments are reduced and everything else remains constant,
A) times interest earned goes up.
B) fixed charge coverage goes up.
C) fixed charge coverage stays the same.
D) debt to total assets goes down.
B) fixed charge coverage goes up.
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Revenue accounts are temporary accounts that should begin each accounting period with zero balances.
Answer the following statement true (T) or false (F)
A(n) ________ is an extreme quota that completely prohibits commerce and trade with a specific country
A) tariff B) embargo C) protectionist quota D) perfect monopoly E) expropriation
The inventory data for an item for September are: Sep. 1 Inventory 20 units at $19 4 Sold 10 units 10 Purchased 30 units at $20 17 Sold 20 units 30 Purchased 10 units at $21 Using the perpetual system, costing by the last-in, first-out method, what is the cost of the merchandise sold for September?
A) $610 B) $600 C) $590 D) $580
To increase sales of Chex cereals, Ralston Purina offered a free pound of bananas to customers who bought the large-size box. This form of sales promotion is called a
A. premium. B. coupon. C. cents-off offer. D. free sample. E. money refund.