Which of the following is a critical consideration when assessing customer availability?
a. amount of products sold
b. length of time needed to determine who the customers are, as well as their buying habits
c. the exact profitability of the venture
d. how customers will obtain the product
ANSWER: b
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The cash basis of accounting commonly increases the comparability of financial statements from period to period.
Answer the following statement true (T) or false (F)
Assume that there were no sales of long-term assets, no interest revenue, and no expenses other than the expenses shown above. Also, assume that Accounts Payable are for purchases of merchandise inventory only. Accrued liabilities relate to operating expenses. What amount will be shown for the net cash provided by operating activities?
Optics Company uses the direct method for preparing its statement of cash flow. Optics reports the following information regarding 2019:
From the income statement:
Sales Revenues, $266,000
Cost of Goods Sold, $212,000
Operating Expenses, $37,000
Net Income $17,000
A) $64,300
B) $24,300
C) $17,000
D) $9300
Explain the benefits of conducting secondary research
Spousal support can be awarded for a limited time period or for the remainder of the ex-spouses life
Indicate whether the statement is true or false