In most market screenings, there is
A. ample opportunity for consultants to substitute for a market visit.
B. so much data that over analysis is a danger.
C. no substitute for a personal visit. The market must be visited.
D. no need to make a market visit, since the data resources are so abundant.
Answer: C
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Which of the following is a temporary account?
A) Retained Earnings B) Accounts Receivable C) Purchases Returns and Allowances D) Accumulated Depreciation
Last year, Hart Company had credit sales in the amount of $1,000,000, and it had uncollectible accounts in the amount of $15,000 . Based on last year, what would the estimated percent of uncollectible accounts be this year?
a. 0.15%; b. 1.5%; c. 15%; d. 150%; e. cannot be determined.
A mixed costs line, plotted on a graph, will start at the Y axis at the amount of fixed cost
Indicate whether the statement is true or false
Which of the following ratios is the best measure of liquidity?
A) Return on assets ratio. B) Ratio of cash flow from operations to capital expenditures. C) Current ratio. D) Earnings per share.