The relationship of $325,000 to $125,000, expressed as a ratio, is
a. 2.0
b. 2.6
c. 2.5
d. 0.45
b
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The following information was presented in the balance sheet of Gloria Company as of December 31, 2016: Trade accounts receivable, net of allowance for uncollectibles of $100,000 $1,600,000 Which one of the following statements is true?
a. Gloria expects that $1,700,000 of accounts receivable will be collected after year end. b. The balance in the Accounts Receivable account in Gloria's general ledger is $1,600,000. c. The net realizable value of Gloria's accounts receivable is $1,600,000. d. Gloria expects to collect only $1,500,000 from its customers.
Which of the following statements about how women buy cars today is most accurate?
A. For women, safety is about features that would help survive an accident. B. When it comes to the actual purchase process, women are more adept negotiators than men. C. Women have definite likes or dislikes when buying a car, but they don't feel comfortable expressing their opinions. D. Women care more about exterior styles and lines and men are more concerned with cargo space and gas mileage. E. Women usually shop one dealership before making a decision and men usually shop three.
The use of the gross profit method assumes
a. the amount of gross profit is the same as in prior years. b. sales and cost of goods sold have not changed from previous years. c. inventory values have not increased from previous years. d. the relationship between selling price and cost of goods sold is similar to prior years.
All of the following are true of known liabilities except:
A. Can arise form laws. B. Are measurable. C. Include accounts payable, notes payable, and payroll. D. May depend on some future event occurring. E. Can arise from agreements or contracts.