When should the central idea be stated?
A) in the introduction B) in the body C) in the conclusion D) in both A and C
D
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Discuss the primary advantage of XBRL over traditional HTML as a means of on-line reporting of financial information to users
Which of the following statements is an accurate interpretation of the current ratio?
A) A current ratio of 1.5 or higher is considered a high-risk ratio. B) A current ratio below 1.00 is considered a good and safe ratio. C) A current ratio of 2.0 indicates strong ability to pay current liabilities. D) A current ratio of 0.60 or lower is a good and safe ratio.
Use the following information about the current year's operations of a company to calculate cash provided (used) by operations. Net loss$6,000 Decrease in Accounts Payable 5,000 Increase in Accounts Receivable 3,000 Decrease in Merchandise Inventory 5,000 Increase in Salaries Payable 3,000 Depreciation Expense 9,000 Loss on Sale of Machinery 7,000
A. $(4,000). B. $(14,000). C. $(28,000). D. $10,000. E. $2,000.
Retailing refers to
A. the performance of regrouping activities. B. the sale of products to final consumers. C. the sale of consumer products to wholesalers, retailers, or final consumers. D. the sale of both business and consumer products. E. None of these answers is correct.