Your ________ is found by dividing total debt or liabilities by total assets
A) debt ratio
B) current ratio
C) net worth
D) asset ratio
Answer: A
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Wright Company sells merchandise with a one-year warranty. This year, sales consisted of 2,000 units. It isestimated that warranty repairs will average $15 per unit sold, and 30% of the repairs will be made this year and70% next year. In this year's income statement, Wright should show warranty expense of
a. $9,000. b. $21,000. c. $30,000. d. $0.
The return on sales ratio is a variation of the profit margin ratio
a. True b. False Indicate whether the statement is true or false
Which of the following statements about technology support for salespeople is NOT true?
A) Computer-based decision support systems have been created for sales managers and sales representatives. B) Social media sites make it easier to sell with few, if any face-to-face meetings. C) Going online, salespeople can prime themselves on backgrounds of clients. D) Salespeople often have online access to brochures and prewritten sales letters. E) All of the above are true.
Good business communication relies on a passive voice
Indicate whether the statement is true or false.