Goodwill is:
a. a major intangible asset
b. not important to companies c. a major tangible asset
d. a minor intangible asset
e. something easily quantified
a
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Refer to the following selected financial information from McCormik, LLC. Compute the company's current ratio for Year 2. Year 2Year 1 Cash$38,600? $33,350? Short-term investments 101,000? 65,500? Accounts receivable, net 91,000? 85,000? Merchandise inventory 126,500? 130,500? Prepaid expenses 13,200? 10,800? Plant assets 393,500? 343,500? Accounts payable 107,900? 113,300? Net sales 716,500? 681,500? Cost of goods sold 395,500? 380,500?
A. 2.14. B. 2.50. C. 2.26. D. 3.43. E. 3.31.
For medium distances, quicker delivery times are provided by ______.
A. air transport B. sea transport C. truck transport D. pipeline
The Federal Trade Commission's Bureau of Competition _____
a. promotes restraint of trade among business firms b. encourages monopolization and agreements between competitors c. promotes anti-competitive strategies d. seeks out and challenges anti-competitive conduct in the marketplace
Under what circumstances might the court reject a debtor's Chapter 13 plan?
a. The plan requires future earnings to pay off debts. b. The plan promises to pay all secured and priority claims. c. The plan anticipates paying the unsecured creditors less than what they would get under Chapter 7. d. The plan treats all unsecured classes equally.