A firm's bad debts:
A) should be reduced by more aggressive collection procedures.
B) are normally positively related to a firm's ACP.
C) are normally unaffected by changes in a firm's cash discount.
D) a and b
E) All of the above
D
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Which of the following below is an example of a capital expenditure?
a. cleaning the carpet in the front room b. tune-up for a company truck c. replacing an engine in a company car d. replacing all burned-out light bulbs in the factory
The price/earnings ratio shows the ________.
A) dividend yield of the company B) market price of $1 of earnings C) proportion of total assets financed by debt D) value that the stock market places on the dividends paid by the company
Even when a naïve purchaser relies on an opinion from an expert, the innocent party is not entitled to rescission or reformation of a contract
Indicate whether the statement is true or false
Genetic Seed Company hires Howie to work on Genetic's shipping dock, accepting deliveries and dealing with other companies' drivers. With respect to Genetic, Howie is most likely
A. an agent. B. an independent contractor. C. a principal. D. a work for hire.