Favorite Flavors, Inc takes inventory semiannually and bases inventory on selling price. Beginning inventory for the year was $95,300 . Inventory at the end of the first six months was $112,000 . Ending inventory for the year was $99,900 . Net sales for the year equal $327,680 . Compute the inventory turnover at retail
3.2 times
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Treetop Company paid off a $100,000 two-year note payable. The effect of this transaction is that the
a. earnings per share increased b. current ratio decreased c. debt-to-equity ratio increased d. debt-to-equity ratio decreased
Which of the following statement is correct regarding internal control?
A. Internal control in a necessary business function and should be designed and operated to detect errors and fraud. B. An inherent limitation to internal control is the fact that controls can be circumvented by management override. C. A well-designed internal control environment ensures the achievement of an entity's control objectives. D. A well-designed and operated internal control environment should detect collusion perpetrated by two people.
Uncorrelated assets have correlation coefficient close to zero
Indicate whether the statement is true or false
Describe the people dimension of information systems and give an example. Is this dimension as vital as the technology dimension when considering a technology-based solution to a business problem?
What will be an ideal response?