Upon review of Young's Garden Center statement of cash flows, the following was noted: Cash flows from operating activities $ 15,000 Cash flows from investing activities 80,000 Cash flows from financing activities (60,000) From this information, the most likely explanation is that Young's is
a. using cash from operations and selling long-term assets to pay back debt.
b. using cash from operations and borrowing to purchase long-term assets.
c. using its profits to expand growth.
d. using cash from investors to provide for operations
a
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Starship Inc's gross profit ratio increased from 36.5% in 2015 to 48.6% in 2016 . What is the trend in this change?
a. An upward trend b. A downward trend c. It depends on whether net sales increased or decreased during the period d. Trends cannot be determined without the dollar amount of the increase provided
Ed and his wife Edna gave their daughter $24,000. There are no potential estate taxes on this gift
Indicate whether the statement is true or false.
Clarissa is a market research analyst for a global consulting firm. She will be traveling to London next month to present her research to a meeting of company executives from around the world. This presentation could be instrumental in the company's decision of whether she should be promoted at the end of this year. Clarissa has been thinking about the trip, which will be the first time she has been out of the country. She has decided to retire the old college luggage for a more professional-looking version and has begun to evaluate various brands. Clarissa is most likely facing _____ for this particular purchase.
A. enduring involvement B. perceptual involvement C. internal retention D. situational involvement E. selective retention
In the context of financial securities,certificates of deposit with longer maturities typically earn a lower interest rate than certificates of deposit that have shorter terms.
Answer the following statement true (T) or false (F)