Assuming that the level of total assets remains unchanged, the effect of a decrease in the ratio of current assets to total assets is an increase in a firm's risk of insolvency
Indicate whether the statement is true or false
TRUE
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The OE/S process includes the first four steps in the order-to-sales process. The order of these four steps is:
a. pre-sales activities, sales order processing, picking and packing, shipping b. pre-sales activities, picking and packing, sales order processing, shipping c. pre-sales activities, picking and packing, shipping, sales order processing d. none of the above
Knollwood Corporation issued $281,000 of 30-year, 8 percent bonds at 106 on one of its semi-annual interest dates. The straight-line method of amortization is to be used. After 11 years, what is the carrying value of the bonds?
a. $289,430 b. $289,992 c. $288,025 d. $291,678
Which of the following is correct with regard to partnership property?
a. Like partnership capital, it is a fixed amount set forth in the articles of partnership. b. Under the RUPA, there is a rebuttable presumption that unless a contrary intention appears, property acquired with partnership funds is partnership property. c. The RUPA sets forth two irrebuttable presumptions that apply when the partners did not express their intent, one of which is that property acquired in the name of one of the partners without an indication of her capacity as a partner and without use of partnership funds is presumed to be that partner's separate property. d. If there is no express agreement whether property owned by a partner before formation of the partnership and used in the partnership business is an asset of the partnership, the fact that taxes, liens, and expenses have been paid by the partnership is irrelevant.
Economics is the study of how wealth is created and distributed.
Answer the following statement true (T) or false (F)