The "apparent," but not necessarily the "true," financial position of a company whose sales are seasonal can change dramatically during a given year, depending on the time of year when the financial statements are constructed.
Answer the following statement true (T) or false (F)
True
Rationale: Many of the ratios show sales over some past period such as the last 12 months divided by an asset such as inventories as of a specific date. Assets like inventories vary at different times of the year for a seasonal business, thus leading to big changes in the ratio.
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________ is the practice of sending unsolicited email directed to five or more people not personally known to the sender
A) Spimming B) Spamming C) Junking D) Appealing E) Reaching
If we want to know the value of present-day assets at a future date, we can use:
A. Present value computations. B. Interest computations. C. Future value computations. D. Annuity computations. E. Earnings computations.
A worksheet is an external document that forms a part of the financial statements
Indicate whether the statement is true or false
To decide the vocabulary and the complexity of a message, one must know the _____ of the audience.
A. expectations B. education level C. financial position D. family background