Common-size statements allow us to level the playing field by examining trends across time or among competitors by focusing on percentages
Indicate whether the statement is true or false
TRUE
You might also like to view...
How do marketing organizations benefit from cultural diversity?
What will be an ideal response?
The practice of having more minorities or women in a job category than would reasonably be expected when compared to their presence in the relevant labor market is referred to as:
A. occupational parity. B. systemic discrimination. C. underutilization. D. concentration.
If a company borrows money from a bank as an installment note, the interest portion of each annual payment will:
A) equal the interest rate on the note times the carrying amount of the note at the beginning of the period. B) remain constant over the term of the note. C) equal the interest rate on the note times the face amount. D) increase over the term of the note.
On November 1, Orpheum Company accepted a $10,000, 90-day, 8% note from a customer settle an account. What entry should be made on November 1 to record the acceptance of the note?
A. Debit Note Receivable $10,000; credit Accounts Receivable $10,000. B. Debit Note Receivable $10,000; credit Sales $10,000. C. Debit Sales $10,000; credit Accounts Receivable $10,000. D. Debit Note Receivable $10,200; credit Accounts Receivable $10,000; credit Interest Revenue $200. E. Debit Note Receivable $10,000; credit Cash $10,000.