Which of the following is true of the current ratio?
A) The more predictable a firm's cash flows, the higher the acceptable current ratio.
B) A higher current ratio indicates a higher return on equity.
C) The more predictable a firm's current ratio, the higher the current liabilities.
D) A higher current ratio indicates a greater degree of liquidity.
D) A higher current ratio indicates a greater degree of liquidity.
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Since the adjustments are entered on the work sheet, it is not necessary to record them in the journal or post them to the ledger
Indicate whether the statement is true or false
All of the following are typical channels used by retailers except
A. wholesalers B. stores. C. restaurants and hotels. D. the Internet. E. catalogs.
Courts are sympathetic to managers acting in the best interests of the corporation, even when the acts are illegal
a. True b. False Indicate whether the statement is true or false
If a representation election results in union certification, under federal law, a union has 24 months as an exclusive representative to reach a contract for the newly organized workers.
Answer the following statement true (T) or false (F)