The conclusions and recommendations sections of a report are the most widely read parts of a business report
Indicate whether the statement is true or false
True
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Following are selected data from the financial statements of Mother Nature Supplies: 2017 2016 Accounts receivable $ 60,000 $ 38,000 Merchandise inventory 12,000 16,000 Total assets 450,000 380,000 Net sales 380,000 270,000 Cost of goods sold 160,000 210,000 Refer to the data for Mother Nature Supplies. Which of the following would not result from a vertical analysis of its balance sheet?
a. Accounts receivable increased $22,000 or 36.7% during 2017. b. Accounts receivable is five times larger than Merchandise inventory in 2017. c. Accounts receivable is 13.3% of total assets for 2017. d. Merchandise inventory is 2.7% of total assets for 2017.
An indirect delivery system typically involves ________.
A. extensive customer contact throughout the interaction. B. a hands-off self-service approach to customers C. face-to-face interaction between employees and customers D. a more caring customer service approach than a direct delivery system
On the balance sheet, the amount shown for the Allowance for Doubtful Accounts is equal to the
A) Uncollectible accounts expense for the year B) total of the accounts receivables written-off during the year C) total estimated uncollectible accounts as of the end of the year D) sum of all accounts that are past due.
Depreciation expense provides a tax shield against the payment of taxes
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