Which of the following is not a component of the global retail development index?
a. market attractiveness
b. market saturation
c. country risk
d. growth in Gross Domestic Product (GDP)
d
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If the owner has not made any additional investments during the period, the financial statements can be prepared directly from the work sheet
a. True b. False Indicate whether the statement is true or false
Which statement is true concerning an income statement?
a. The income statement shows how much profit the company has earned since it began operations. b. Net income on the income statement should be equal to the amount of cash on the balance sheet. c. The income statement summarizes the results of operations for a period of time. d. The income statement indicates the liquidity of the company on an annual basis.
When using the allowance method, after a company has previously written off an account, ________.
A) the company continues to send monthly statements to the customers whose accounts have been written off B) the company cannot collect from these customers because their accounts have been written off C) when a customer pays on an account that has been written off, the company needs to reverse the write-off to the Allowance for Bad Debts account and then record the receipt of cash D) the company does not need to reestablish the receivable account
A solid line in a material flow map would best represent?
a. Movement of a product down an assembly line b. A product waiting to be worked on at a machine c. Passing of quality control information to a decision-maker d. A product exiting a process