All of the following are considered to be measures of a company's short-term debt-paying ability except:
A. Current ratio.
B. Average collection period.
C. Earnings per share.
D. Inventory turnover.
Answer: C
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Answer the following statements true (T) or false (F)
1.You must be willing to question the other person’s motives and behavior openly. 2.If we perceive our goals to be at odds, we are more likely to display competitive mind-sets. 3.Healthy relationships depend on the problem-solving abilities of the individuals involved. 4.Support and acceptance encourage trust and honesty. 5.One positive side to digital communication is the potential for each person to reveal the other’s secrets should the relationship turn dark or end.
Although beliefs are objective and subject to rational evaluation, there is no reason not to judge the validity of a person's belief by a person's willingness to pay for it. Therefore, economic analysis legitimately includes beliefs in addressing environmental policy.
Answer the following statement true (T) or false (F)
Edmonco Company produced and sold 45,000 units of a single product last year, with the following results: Sales Revenue$1,350,000 Manufacturing costs: Variable 585,000 Fixed 270,000 Selling costs: Variable 40,500 Fixed 54,000 Administrative costs: Variable 184,500 Fixed 108,000 If Edmonco's sales revenues increase 15%, what will be the percentage increase in income before income taxes?
A. 75%. B. 60%. C. 45%. D. 15%. E. None of the other answers is correct.
All of the following are the reasons why Gross National Income does not equal Gross Domestic Product in an open economy EXCEPT:
A) the capital and labor used to produce the goods in the domestic country do not need to be owned by domestic residents. B) the country may receive transfer payments from abroad or may give transfer payments to other countries. C) the country may receive unilateral transfers (gifts and grants) from abroad or may give unilateral transfers to other countries. D) the capital and labor owned by the country can be located and used to produce goods in different countries.