Computing each liability as a percentage of total assets is known as:
a. the acid-test ratio.
b. horizontal analysis.
c. common-size financial statements.
d. All of the choices are true.
c
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In planning his report, Byron breaks the major investigative problem into subproblems. This process is sometimes called ________
A) visualizing the problem B) focusing the problem C) factoring the problem D) expanding the problem
On January 1, Year 2, Kincaid Company's Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $62,600 and $1100, respectively. During Year 2, Kincaid reported $148,000 of credit sales, wrote off $1150 of receivables as uncollectible, and collected cash from receivables amounting to $154,500. Kincaid estimates that it will be unable to collect one percent (1%) of credit sales.What is the net realizable value of receivables that will be reported on Kincaid's Year 2 balance sheet?
A. $56,100 B. $53,470 C. $53,520 D. $54,950
A call provision for the redemption of bonds:?
A. ?requires an advance payment of future interest to the bondholders. B. ?allows the firm to refinance debt. C. ?allows the firm to call the bonds for redemption after one year of maturity. D. ?requires the redemption of the bonds at their market price. E. ?requires bondholders to convert their bonds into lower coupon rate bonds.
Home & Barn Construction, Inc, contracts with Idyll Farms to build a new dairy barn on Idyll's property for which Idyll agrees to pay. The elements of this, and any other, contract include
a. the parties' capability. b. consideration. c. necessity of purpose. d. price.