A small business can reduce the costs of insurance by raising its deductible.
Answer the following statement true (T) or false (F)
True
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Discuss any ethical issues raised by the following actions. Big Store's rate of return on assets (ROA) has fallen below analysts' expectations in recent years because the firm, a retailer, has added a significant number of new stores (increasing assets
in the denominator of ROA) prior to these stores generating earnings (ultimately increasing the numerator of ROA). Big Store decides to curtail the opening of new stores for two years in an effort to allow the earnings of new stores to catch up with the investments it made previously in store assets, thereby increasing its ROA. Management plans to restart the growth in stores after the two years.
What is a common size income statement? Explain how a common size income statement is useful to financial statement users.
What will be an ideal response?
Before an adjusting entry is made to recognize the cost of expired insurance for the period, Prepaid Insurance and Insurance Expense are both overstated.
Answer the following statement true (T) or false (F)
The U.S. Food Safety and Inspection Service conducts searches of certain businesses. This agency and other administrative agencies can conduct warrantless searches in
a. all industries. b. highly regulated industries. c. no industries. d. newly regulated industries only.