Non-profit Credit Counselors should be avoided due to their high fees
Indicate whether this statement is true or false.
Answer: FALSE
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Refer to the following selected financial information from Texas Electronics. Compute the company's acid-test ratio for Year 2. Year 2 Year 1Cash$37,500 $36,850 Short-term investments 90,000 90,000 Accounts receivable, net 85,500 86,250 Merchandise inventory 121,000 117,000 Prepaid expenses 12,100 13,500 Plant assets 388,000 392,000 Accounts payable 113,400 111,750 Net sales 711,000 706,000 Cost of goods sold 390,000 385,500
A. 3.05. B. 2.26. C. 1.98. D. 2.95. E. 1.88.
The agreement that officially formed the European Community was: A) The European Economic Community Act
B) The Treaty of Rome. C) GATT. D) Organization for Economic Cooperation & Development.
Mildred purchased a new dining room table and china cabinet from Discount Furniture, which offered a one-year special with no interest or financing charges. When Mildred makes her purchase, Discount Furniture checks her credit and seeks approval for her. Upon approval, Mildred receives information informing her that she will make payments to Regional Finance Company. This arrangement is an example of
A. unsecured bank loan. B. commercial paper. C. factoring. D. pledging accounts receivable. E. selective financing.
Free cash flow is a positive cash flow from operating activities:
A. across both financing and investing activities. B. beyond what has been allotted for future property, plant, and equipment replacement and expansion. C. across all three activity components of the statement of cash flows. D. beyond what is needed to replace current property, plant, and equipment and pay cash dividends.