On March 20, Gordon orally agrees to work for Carrham, Inc for a period of one year commencing on June 1. No writing is necessary here, because the contract can be performed within one year
Indicate whether the statement is true or false
False
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Precious metals can be valued above costs because they are immediately marketable at a quoted market price.
Answer the following statement true (T) or false (F)
A computer operator was in a hurry and accidentally used the wrong master file to process a transaction file. As a result, the accounts receivable master file was erased. Which control would prevent this from happening?
a. header label check b. expiration date check c. version check d. validity check
Which of the following is a true statement regarding data flows?
A) A data flow to a data store means retrieve or use. B) A data flow from a data store means update. C) A data flow may have double-ended arrows. D) A data flow represents data at rest. E) A join in a data flow means that exactly the same data come from any of two or more different processes, data stores, or sources/sinks to a common location.
The balance sheets of Integrated Systems reports total assets of $890,000 and $950,000 at the beginning and end of the year, respectively. Sales revenues are $1.6 million, net income is $185,000, and net cash flows from operating activities are $155,000. Calculate the cash return on assets, cash flow to sales, and asset turnover for Integrated Systems.
What will be an ideal response?