A holder takes an instrument for value by performing the promise for which the instrument was issued.
Answer the following statement true (T) or false (F)
True
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Which of the following ratios provides a solvency measure that shows the margin of safety of bondholders and also gives an indication of the potential ability of the business to borrow additional funds on a long-term basis?
a. ratio of fixed assets to long-term liabilities b. ratio of net sales to assets c. number of days' sales in receivables d. rate earned on stockholders' equity
Which of the following statements is true? I. An expense-type factory overhead analysis spreadsheet makes it possible to distribute expenses on a departmental basis as they are incurred. II. A department-type factory overhead analysis worksheet makes it possible to distribute expenses on a departmental basis as they are incurred
a. I only b. II only c. Both I and II d. Neither I nor II
Practical capacity and engineering capacity are synonymous terms
Indicate whether the statement is true or false
Attitudes are ______.
A. simple/straightforward B. impossible to measure C. complex D. unimportant in organizational life