The gross margin percentage on convenience goods is usually fairly high because they are low-priced items.
Answer the following statement true (T) or false (F)
False
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If the current ratio is 2.5 to 1, net income is $6,000, and current liabilities are $18,000, how much is working capital?
a. $ 6,000 b. $ 24,000 c. $ 27,000 d. $ 45,000
During the course of your interview, try to monitor the quality of your communication. Avoid speaking too quickly and littering your responses with ______.
a. examples b. vocal fillers c. Stories d. feedback
If partnership debt is reduced and a partner is deemed to receive a cash distribution, what impact does the deemed distribution have on the partner if it is in excess of her tax basis?
A. The partner will not ever be taxed on the distribution in excess of her basis. B. The partner will treat the distribution in excess of her basis as ordinary income. C. The partner will not be taxed on the distribution in excess of her basis until she sells her partnership interest. D. The partner will treat the distribution in excess of her basis as capital gain.
What kind of information would you find in a job specification?
A. Pay of the job B. Department that the job is in C. Knowledge required to do the job D. Whether the job is exempt or nonexempt E. Required tools for the job